Banks: We're hiring so we can make more home loans
In U.S. Several banks are gearing up to do a whole lot more mortgages lending in the future. Even if new homes sales were at a chronological low in May and the housing marketplace in general is in the doldrums, these banks are hiring hundreds of loan originators, getting ready for what they believe will be a significant pick-up in lending. JPMorgan Chase (JPM, Fortune 500), one of the nation's largest lenders, is in the midst of hiring 1,200 mortgage officers. "We may not be inundated with applications tomorrow, but we are confident the the need will be there," said Christine Holevas, a spokeswoman for JPMorgan Chase.And the leading real estate web site well help the home plans.
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