Skip to main content

Wells Fargo Drops 40 Mortgage Division Employees

Phil Hall
Aug 11, 2017

Wells Fargo has quietly laid off 40 Des Moines-area employees in its home mortgage division.
 
The Des Moines Register obtained state records confirming the layoffs, which the San Francisco-headquartered company did not publicly announce. Wells Fargo is the largest employer in the Des Moines area, with roughly 14,500 employees.
 
Company spokesperson Steve Carlson responded to a Register inquiry by attributing the layoffs to "continuing market changes," adding that the company is working to identify other job openings for the affected employees. “The decision to reduce our workforce is made with great concern for our team members, who are an essential part of our success,” Carlson said. “We are committed to retaining as many of them as we can.”
Published
Aug 11, 2017
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021