Just three months after notifying 400 mortgage employees that their jobs are being eliminated, Wells Fargo & Co. has advised in excess of 600 more home lending workers they will be laid off.

In June, the San Francisco-based bank-holding company notified 400 people who work in its home lending business that their positions would be cut withing 60 days.

That round of layoffs, which was driven by declining originations and delinquency, included 130 positions in Minnesota’s Twin Cities and 100 in Fort Mill, South Carolina.


Source: Mortgage Daily