SunTrust Banks has joined the lengthy list of major banks slashing jobs in their mortgage divisions.
The Atlanta-based company plans to cut 800 positions nationwide in response to diminished mortgage refinancing activity and overall market conditions, SunTrust spokesman Michael McCoy told The
Workers in Richmond, Va., and Charlotte, N.C., will be among those affected by the layoffs, according to reports in the
Rising interest rates and dwindling refinancing activity have put a dent in many banks' mortgage operations in recent months, prompting layoffs at
Last week, SunTrust announced plans to