© 2024 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
WBFO Newsroom | Phone: 716-845-7040
Your NPR Station
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Banks Rush To Hire To Meet Home Loan Demands

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. Transcript provided by NPR, Copyright NPR.