-
Add PNC Financial Services Group to the list of banks slashing their mortgage staffs.
October 4 -
Bank of America became the latest bank to announce major mortgage layoffs.
August 30 -
Wells Fargo and Citigroup are laying off hundreds of employees in their mortgage units as rising interest rates cause home loan refinances to plummet. More layoffs by banks with heavy exposure to mortgages are expected this year.
July 19 -
The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.
June 28 -
SunTrust Banks (STI) has agreed to pay $1.5 billion to resolve claims of shoddy mortgage lending, servicing and foreclosure practices.
October 10
SunTrust Banks (STI) has joined the lengthy list of major banks slashing jobs in their mortgage divisions.
The Atlanta-based company plans to cut 800 positions nationwide in response to diminished mortgage refinancing activity and overall market conditions, SunTrust spokesman Michael McCoy told The
Workers in Richmond, Va., and Charlotte, N.C., will be among those affected by the layoffs, according to reports in the
Rising interest rates and dwindling refinancing activity have put a dent in many banks' mortgage operations in recent months, prompting layoffs at
Last week, SunTrust announced plans to
