Bank of America laying off mortgage office workers In Wichita (90 jobs)

[UpInArms]

http://www.kansas.com/mld/eagle/8811114.htm

About 90 full-time employees at Bank of America's consumer real estate fulfillment center in Wichita received layoff notices Tuesday.

Bob Vanderberry, a senior vice president at the bank, said the staff reduction was due to a downturn in mortgage refinances.

"Our volume is 45 to 50 percent of what it was a year ago," he said.

...more...

[mhr]

1. Well UpInArms, I Figured Out My Problem, Those Charts Look Great

With new glasses.

Who knew?

Of course they are rose colored in nice designer frames!

[UpInArms]

4. mhr - here's the chart that makes the most sense to me

[AlCzervik]

2. My Neighbor worked for Washington Mutual

until Saturday when they called her and laid her off, she worked in the mortgage dept., they didnt even have the balls to do it in person.

[dArKeR]

8. Which state?

thanks.

[AlCzervik]

9. California

[Just Me]

3. The feds will save the banks,...not the people. *sigh*

[Beetwasher]

5. Housing Bubble Go Boom?

Uh oh...

[AlCzervik]

6. The creeping mortgage rates

will hurt the housing market in a big way, i don't know how big an impact there will be but back in the 80's and early 90's people were upside down on their mortgages.

[kalian]

7. Well, given that mortgage apps have plummeted to like...ZERO....

I think they're "pre-emptively" laying off people... :eyes:
To be expected. And just wait until the housing construction starts
to tank....

[DUJunkie]

10. Could not of happen to a nicer state.

You go Kansas and take all the red state with you!:toast:

[revree]

11. Maybe they'll stop calling me about my late mortgage

due to outsourced job!