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Banks Rush To Hire To Meet Home Loan Demands

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Banks Rush To Hire To Meet Home Loan Demands

Business

Banks Rush To Hire To Meet Home Loan Demands

Banks Rush To Hire To Meet Home Loan Demands

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  • <iframe src="https://www.npr.org/player/embed/165545231/165545218" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Low interest rates have sparked a record wave of mortgage activity, and the need for more people to process the paperwork. Mortgage employment rose by 9 percent this year, to its highest level since the financial crisis in 2008.

LINDA WERTHEIMER, HOST:

NPR's business news begins with mortgage hiring.

(SOUNDBITE OF MUSIC)

WERTHEIMER: Banks are rushing to add employees to meet the demand for home loans. Low interest rates have sparked a record wave of mortgage activity, and the need for more people to process the paperwork. Mortgage employment rose by 9 percent this year, to its highest level since the financial crisis in 2008.

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