SEATTLE–(BUSINESS WIRE)–Due to reduced expectations for single family loan origination volume in
the Mortgage Banking segment, HomeStreet, Inc. (Nasdaq:HMST), parent
company of HomeStreet Bank, today announced a restructuring of that
segment, including:
-
A reduction in force of 60 full time equivalent employees HomeStreet
Banks second reduction in force this year in its Mortgage Banking
segment, -
Closures, consolidations and space reductions affecting nine single
family lending centers, eight of which were effective in the third
quarter and one to occur in the fourth quarter, and -
Streamlining t…
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