JPMorgan Chase adds to mortgage industry layoffs

Employees in the mortgage business have been confronted by serious job insecurity in recent weeks. Workers at one of the world’s strongest financial institutions, it turns out, are not immune. JPMorgan Chase, the biggest bank in the country, is laying off hundreds from its home-lending business, Bloomberg reported. The decision parallels that of other companies in the sector as rising mortgage rates and high home prices cool demand from homeowners. The exact number of those