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Capital One exits mortgage loans business, cuts 1,100 jobs

Reuters Wednesday, 8 November 2017 ()
(Reuters) - Capital One Financial will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have pushed away borrowers and slowed loan growth at many U.S. regional banks.
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News video: Realtors Are worried About The GOP's tax Plan And The Housing Market

Realtors Are worried About The GOP's tax Plan And The Housing Market 00:37

The National Association of Realtors said the Tax Cuts and Jobs Act released Thursday confirmed its biggest concerns. The trade group is worried that a reduced cap on the mortgage interest deduction would lower home prices and hurt middle class homeowners. If passed, the tax act would cap the...

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