The decline in mortgage volume that has led to staff layoffs and shutdowns of mortgage banking and brokerage offices is starting to have an impact on thrifts as well.

Mutual Savings Bank, a federally chartered thrift in Troy, Mich., said it was laying off 89 people and closing four loan offices in Michigan and seven others in Texas and Florida.

Management estimates the closings of these loan offices will result in a savings of about $450,000 per quarter, with the full impact first occurring in the third quarter of

Margins 'Evaporate'

Wendell L. Evans, Jr., chairman, said, "We have encountered enormous pricing pressure from some of the larger mortgage bankers whose aggressive actions have resulted in margins on loans being sold in the secondary market to virtually evaporate."

In Hollywood, Fla., Suncoast Savings and Loan Association said declining mortgage activity had led it to cut staff and close certain wholesale mortgage offices.

The company said its loan closings for April 1994 totaled $100 million, against $300 million a year ago.

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