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Breaking news a story that Elizabeth McDonald's been reporting on she first told you that it could happen about a week and a half -- that's just forty -- -- back yes -- telling Fox Business that they will be laying off mortgage unit workers are gonna start with a thousand workers.
Places that are getting hit with the layoffs Las Vegas, Nevada.
Irving Texas and more states.
Other also say there may be some more actions by the end of this year Citigroup also telling Fox Business -- not making any projections for any more layoffs next year and 2014.
So -- -- joining JPMorgan chase Bank of America Wells Fargo and laying off mortgage -- workers.
As mortgage rates have risen and refinancings have dropped off.
Whether or not this is a typical boom and bust cycle for a mortgage unit remains to be seen but this is a real indicator about what happens when mortgage rates start filling up you may -- more layoffs coming.
At banks if flip it rates continue to rise gonna get -- back to you guys you Max thank you very much sure -- meanwhile that.
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