Offerpad, Wells Fargo Announce More Layoffs
The 140 WF staffers all worked in correspondent lending as the bank backs of mortgages
The 140 WF staffers all worked in correspondent lending as the bank backs of mortgages
Once the leader in home mortgages, the bank announced it is prioritizing $100 million to advance racial equity in home ...
The payouts includes a civil penalty of $1.7 billion and more than $2 billion in redress to consumers
The country’s largest depository lender declined to say how many employees were let go last week
The move comes as layoffs continue to impact the mortgage industry
The total number affected will be more than 1,000 workers, with about half moved to different divisions
A federal investigation found fault with the bank’s practices for helping homeowners who are having trouble paying their mortgages
Despite a small decline, the Housing Market Index remains in the “high” territory
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