U.S. Banks In Buyer's War For Loan Officers

Published February 3, 2014 at 1:35 PM EST

Refinancing has plummeted, so with peak home purchasing season on the horizon, banks are trying to beef up their new home loan business.

Some banks that have laid off workers in their re-fi call centers are now engaged in bidding wars for experienced home loan officers.

Cardiff Garcia of the Financial Times joins Here & Now’s Robin Young with details.

Guest

Cardiff Garcia, reporter for the Financial Times blog FT Alphaville. He tweets @CardiffGarcia.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.