Just got confirmation jobs are being cut on the eastern side of the country (Philadelphia?). For sure the Bond and some other specialty teams are nixed. Teams in MPLS were warned of incoming volume from this other site.
2 replies (most recent on top)
They layed off a ton of managers throughout the country who did not meet the staffing required for their posistion. They also shut down a site and consolidated volume to others.
Given WF has such a lot of mortgage loans via Wachovia I'm wondering how really is their home mortgage business doing? How much toxic assets remains on their books.