Mortgage Lenders Are Hiring Like Mad to Handle Demand as Rates Plunge
- Home loan firm tells employees ‘kiss your families goodbye’
- Treasury yields plunge on concerns coronavirus kills growth
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A drop in interest rates in response to the coronavirus outbreak is adding urgency to a hiring spree across the mortgage industry.
Executives at four of the nation’s 15 biggest mortgage lenders, already gearing up for a busy 2020, anticipate hiring thousands of employees this year to keep up with what they expect to be a flood of demand for purchase loans and refinancings.