Banks Rush To Hire To Meet Home Loan Demands

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news begins with mortgage hiring.

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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. Transcript provided by NPR, Copyright National Public Radio.