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U.S. Senator Chris Van Hollen has written to Wells fargo ceo timothy sloan expressing his concerns with the bank’s plan to lay off employees in Frederick, Maryland and across the country. Senator Van Hollen wrote, "It is deeply concerning that Wells Fargo is proceeding to lay off workers after receiving a $3.4 billion windfall from the tax.
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San Francisco-based Wells Fargo announced Wednesday it is laying off 91 employees in Fort Mill in response to ongoing declines in foreclosures and lower demand for mortgages.
Wells Fargo (NYSE:WFC) is cutting 100 jobs at its Fort Mill, NC, home mortgage office, as a result of "continuing market change," the Charlotte Business Journal reports. The company says it will.
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Wells Fargo Cuts Nearly 500 Mortgage Jobs. This area has already been hit hard with layoffs: last month, Wells Fargo laid off 36 mortgage bankers working from their offices in Charlotte and Fort Mill, S.C, while an additional 91 people in the Fort mill mortgage operations lost their jobs in July.
Wells Fargo & Co. (NYSE:WFC) is laying off 91 people from its mortgage operation in Fort Mill. Josh Dunn, a local spokesman for the bank, said the layoffs are a result of continuing market changes, including improvements in delinquency and foreclosure rates as well as reduced demand for mortgage financing.
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FORT MILL – Services and Information. Start a new search. Bank + ATM FORT MILL 403 TOM HALL ST. FORT MILL, SC. Use the Wells Fargo Mobile app to request an ATM Access Code to access your accounts without your debit card at any Wells Fargo ATM.
Wells Fargo announced Friday it was laying off 100 employees in its Fort Mill, S.C., mortgage operation – the bank’s latest cuts to that business. The san francisco-based bank attributed the layoffs to declines in foreclosures and origination volumes as mortgage rates rise. It also cited tight supplies of homes for sale, which has hurt nationwide demand to buy houses.
November 5, 2008 Wells Fargo & Co. will lay off workers at its mortgage center in Fort Mill, the bank confirmed to the Observer on Tuesday. The mortgage center has about 1,600 employees.