Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices.
Source: Inman News
Wells Fargo warns it will cut costs as mortgage lending continues to slide
Published in Charles Scharf, layoffs, Markets & Economy, Mike Santomassimo, Mortgage, mortgage rates, refinancing, Select and wells fargo
More from Charles ScharfMore posts in Charles Scharf »
More from layoffsMore posts in layoffs »
More from Markets & EconomyMore posts in Markets & Economy »
- California Association of Realtors CEO resigns after 2 years
- Once bright buyer hopes plummet as agents process NAR changes
- 38% of homeowners couldn’t afford their home in today’s market
- New-home sales enjoy big spring rally after signs of wear in February
- BHGRE’s 2nd largest franchise signs 10-year contract renewal
More from MortgageMore posts in Mortgage »
- Maxwell’s AI tool probes inner workings of mortgage lending
- UHM revamps leadership team to support growing national footprint
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Digital insurance marketplace Matic grows mortgage clientele
- Shape real estate’s future: Take the Inman Intel Index survey for April
More from mortgage ratesMore posts in mortgage rates »
- 38% of homeowners couldn’t afford their home in today’s market
- Luxury home prices have reached new heights: Redfin
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Homebuyers rush to lock as mortgage rates hit new 2024 highs
- Homeseller sentiment is lukewarm as spring homebuying ramps up
More from refinancingMore posts in refinancing »
- Mr. Cooper now collects payments on $1T in mortgages amid big Q4
- Falling mortgage rates haven’t sparked homebuyer stampede
- Rocket back in the black after boosting purchase market share
- Mr. Cooper’s share price soars with $1T servicing portfolio in sight
- Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
More from SelectMore posts in Select »
- New San Francisco showroom offers private islands and yachts
- California Association of Realtors CEO resigns after 2 years
- Maxwell’s AI tool probes inner workings of mortgage lending
- Decades of NAR membership data has vanished amid enrollment dip
- Sign a buyer brokerage agreement to see a property? No way!
More from wells fargoMore posts in wells fargo »
- Wells Fargo providing $10K in down payment assistance in 8 metros
- Texas surged during COVID. Now, its luxury markets are being tested
- US Bank, UWM join movement to boost minority lending
- Builder confidence rises as low inventory hikes new-home demand
- Wells Fargo agrees to pay $1B to settle shareholder lawsuit
Be First to Comment