The company plans to move hundreds more to other divisions, with about 1,000 U.S. staffers affected in all.
Bloomberg also cited an unnamed source as saying that Wells Fargo, too, had been laying off and reassigning its home-lending employees.
Estimated reading time: 0 minutes, 21 seconds
JPMorgan Chase has confirmed that it will lay off hundreds of home lending employees “as a result of cyclical changes in the mortgage market.” So reports Bloomberg.
The company plans to move hundreds more to other divisions, with about 1,000 U.S. staffers affected in all.
Bloomberg also cited an unnamed source as saying that Wells Fargo, too, had been laying off and reassigning its home-lending employees.