Sep

13

First Horizon Cuts 1,500 Mortgage Jobs

Filed Under Lenders With Problems 2007, Mortgage Layoffs, Mortgage News 
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10 days after denying that any major job cuts were looming, First Horizon National, has confirmed that it will eliminate 1,500 mortgage positions and shut 50 offices.

The company did not issue a news release on PR Newswire, but the reductions were reported early Wednesday by American Banker.

The job cuts were revealed by First Horizon chief executive Gerald Baker at a Lehman Brothers conference.

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