As mortgage giant Wells Fargo lays off 763 workers in its Home Mortgage division because refinancing requests are declining, the company says it will try to find other positions for those employees, who are receiving 60 days’ notice. Meanwhile, last month Citigroup announced it will cut 120 employees at a refinancing office in Danville, Illinois, as nationalmortgagenews tells MHProNews.

(Photo credit: Fotosearch–unhappy employee)