Over 500 Wholesale Citi Employees Spared Layoffs - Mortgage Forums for Mortgage Brokers

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Over 500 Wholesale Citi Employees Spared Layoffs

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11-21-2008, 03:38 AM

Veronica Corningstone Veronica Corningstone is offline

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Over 500 Wholesale Citi Employees Spared Layoffs

More than 500 CitiMortgage wholesale lending employees are being re-deployed, a spokesman told MortgageDaily.com in a statement. The employees are being moved to loss mitigation. The spokesman noted that the mortgage lender is providing education to the former wholesale employees.

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