Lending

Santander Banks Trims Mortgage Workforce

Santander Bank plans to cut 66 jobs this fall at its Villanova, Penn., mortgage offices, the bank revealed in a regulatory disclosure. So reports the Philadelphia Inquirer.

Staffers that will be affected by the layoffs include employees who process loans the bank acquires from loan brokers, a business area that has suffered from declining interest rates.

The projected cuts are not expected to involve its own home purchase and refinance loans.

Read the full article from Philadelphia Inquirer.

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