Bank of America Laying Off Those Hired to Deal with Delinquencies

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Another sign  that things are getting better. Banks are laying those hired to service those not doing well.

 

From DS News

Bank of America Further Reduces Size of Delinquent Mortgage Loan Division

As the size of Bank of America's delinquent loans portfolio is shrinking, so is the megabank's workforce – late last week, the bank announced that it was laying off 250 employees from its delinquent mortgage loan division in its headquarters city of Charlotte, North Carolina. »READ MORE

 

- Sunil Sethi

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