Bank of America cuts 3,000 mortgage positions

Bank of America Corp. said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. The layoffs are the latest round of job cuts at major banks as rising mortgage rates cut into demand for refinancing home loans.

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Bank of America (BAC) is looking to cut 3,000 mortgage jobs before the end of the year to cope with declines in refinancing and in its portfolio of delinquent home loans, according to a source..

Bank of America will cut roughly 3,000 jobs by the end of the. Yet the banking job cuts go beyond Banks of America. The economic recovery has lessened the number of troubled mortgages nationwide.

Bank of America to cut 3000 overseas jobs. BANK of America is closing sites in Costa Rica, the Philippines and Mexico, with the loss of 3,000 jobs. AAP April 10, 2014 5:52am.

Bank of America cutting thousands of mortgage jobs. By the end of the year, Bank of America plans to cut another 3,000 jobs. The bulk of those will be in its unit that handles troubled mortgages, such as foreclosures or loan modifications, as the economic recovery has eased the number of borrowers in distress.

Then, they analyze your spending and advise you on where to cut back or save. Tip: If you’re considering downloading budgeting software or a budgeting app, make sure you research it before using it and only download it from a verified site or store. Bank of America clients can use the Spending & Budgeting tool online or in the mobile app.

Bank of America will cut roughly 3,000 jobs by the end of the year as the number of refinancing applications and troubled loans has fallen. It is part of larger industry pull back in response to the.

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 · The largest bank in the country, Bank of America has battled a plummeting stock price this year and bad mortgages in its company’s financial books.. plans to cut 6,000 jobs.

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