JPMorgan reportedly laying off hundreds in mortgage business

JPMorgan Chase & Co is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported on Wednesday, citing people familiar with the matter.

“Our staffing decision this week was a result of cyclical changes in the mortgage market,” a spokesperson for the bank said. “We were able to proactively move many impacted employees to new roles within the firm and are working to help the remaining affected employees find new employment within Chase and externally,” the spokesperson added.

Real estate brokers Compass Inc and Redfin Corp also said last week they would cut jobs as homebuying demand was slowing due to rising mortgage rates and surging inflation.

End centralized control of the $ supply. EndTheFed

recession on its way

Canada is a literal house of cards.

Wow...they're just not any good at the mortgage debt business.

It's coming.... 🤣🤣

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

CEO and COO of MindGeek, parent company of Pornhub, have resigned, sources sayTwo sources told The Globe that the Montreal company also plans to lay off staff LailaMickelwait Pornhub is going down 💣💥💥💥 Why? People are not jerking off enough? Surprised they lasted so long
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Founders of mortgage investment firm Fortress Real Developments Inc. charged with fraudJawad Rathore and Vince Petrozza, Fortress’s co-founders, were each charged with one count of fraud and one count of accepting secret commissions Look my naked photo ❤️😘
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »