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Bank of America slashes 540 mortgage jobs

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Mortgage Professional America | 27 Jun 2014, 11:45 AM Agree 0
Bank of America, which cut more jobs than any other big bank in the first quarter, has given 540 more mortgage employees their walking papers
  • JoeS | | 27 Jun 2014, 12:18 PM Agree 0
    This kind of news is getting depressingly common....
  • Kenny Palmer | | 27 Jun 2014, 12:25 PM Agree 0
    Thankfully, The mortgage banks doing the right thing are growing. Summit Funding Inc. is one of the best in the nation and doing well. We hired at least one employee a day last year, and still need more. Great company to work for.
  • Mkike SKinner | | 27 Jun 2014, 01:10 PM Agree 0
    Kenny, You are absolutly right it feels great to be with a company (Summit Funding) That has grown 40% when the national average is to have shrunk by over 60%. Lets face it; its not getting any easier so Lets just keep doing the work and getting better in every aspect and I expect we will continue to reap the rewards!
  • GARY | | 28 Jun 2014, 09:05 AM Agree 0
    Bankers have always had a distinct advantage due to powerful lobbyists. Maybe the public is seeing that Brokers were not the call for the Country's demise. We too have joined the ranks of having to get a warehouse and it seems like we are "cheating" when playing by banker rules. Disclosure should and always be foremost. Public knows that brokers provide an invaluable service to them. Now its time something is done about the dirty track builders requiring they do financing or client doesn't get extras.
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