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Wells Fargo sacks hundreds of mortgage bankers as part of strategy shift: Report

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Wells Fargo & Co has laid off many of their mortgage bankers lately. This was done as a part of their strategic shift, CNBC reported. This step of Wells Fargo & Co has affected top producers, including bankers who exceeded $100 million in loan volumes last year and some who attended an internal sales conference for high achievers, the report added.