Bank Of America Eliminates Up To 4000 Jobs

Bank Of America Eliminates Up To 4000 Jobs

We wanted to share this interesting article with viewers on our blog. Politicians speak of an economic recovery, and speak of lower employment rates, as the measurement for American prosperity. In the mortgage industry though, we’d like to think the best way of measuring America’s prosperity is by looking at the mortgage and home realty industries. When big banks, like Bank of America, are cutting 4000 mortgage jobs – this is a crucial tell tale sign.

This is definitely worth a read for all consumers. The mortgage industry is one of the best tell-tale signs for where the economy is headed, in general. I recommend you read this, and learn more about what Bank of America is doing, in greater detail.

Fact: Fewer Borrowers Are Borrowing/Refinancing

This can only mean less people are buying houses, and this is reflected in the dip in Bank of America employment.

Bank of America to eliminate up to 4000 mortgage jobs – Reuters

http://news.google.com
Bank of America to eliminate up to 4000 mortgage jobs – Reuters (Reuters) – Bank of America Corp (BAC) said on Thursday that it was cutting up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. The layoffs are the latest…

 

 

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