Skip Navigation
NPR News

Nation's Largest Mortgage Provider Downsizes

Sep 20, 2013 (Morning Edition) — Wells Fargo has told 1,800 employees their services will no longer be needed in the bank's mortgage unit. The bank already cut more than 2,000 jobs in that unit last month. Wells Fargo cites lower demand for refinancing because of higher mortgage rates.

Hear this

This text will be replaced
Launch in player

Share this


Explore this

Reported by

Related Topics at NPR.org

Read full story transcript

Missing some content? Check the source: NPR
Copyright(c) 2014, NPR

Visitor comments

on:

NCPR is supported by:

This is a Visitor-Supported website.