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Aug 21, 2013, 2:56pm PDT Updated: Aug 22, 2013, 7:46am PDT
Mark Calvey
Senior Reporter- San Francisco Business Times

Wells Fargo is cutting staff as higher rates cool residential mortgage lending, which has been on a tear in recent years.

The bank cut 30 people in Walnut Creek today. The bank plans to follow its standard practice of finding other jobs within the company, if possible.

Nationally, the bank notified more than 2,300 people working on loan documentation that their jobs will be eliminated. That included 500 people across California.

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