Navigating the New Terrain of Mortgage Originations

    Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.

Estimated reading time: 0 minutes, 21 seconds

JPMorgan Lays Off 1,000 First Republic Employees

Sunday, Jun 04 2023
Originating
Written by  The Mortgage Leader

After buying collapsed bank First Republic, JPMorgan Chase has begun laying off 15% of its workforce, or about 1,000 people. So reports BBC News.

JPMorganJPMorgan is set to provide 60 days of pay and benefits to laid-off employees, plus other benefits such as a lump sum payment.

With a large home loan business, First Republic was the 14th biggest U.S. lender at the close of 2022.

Read the full article from BBC News.

Read 1782 times
Rate this item
(0 votes)
More in this category: « Nations Lending Picks Blend for Digital Mortgage Platform Get Back to Basics to Drive Better Sales Results »

FOLLOW US