Bank of America cuts 114 Texas mortgage positions

Bank of America (BAC) became the latest bank to announce major mortgage layoffs. About 1,000 workers in Beachwood, Ohio, will lose their jobs on Oct. 31 when the Charlotte, N.C., company shutters its mortgage and consumer banking office, according to a report in the Cleveland Plain Dealer .

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Third cut in February. This time Bank of America’s ( BAC) job cuts are once again located in North Texas, with 116 layoffs in Addison and Plano, according the bank’s Worker Adjustment and Retraining Notification. Employees are being laid off in Plano at a Bank of America Home Loans Corporate office on Legacy Drive and a mortgage-banking unit.