Bank of America Said to Cut 2,100 Jobs in Mortgage Slump

``About 1,500 of the workers helped process home loans, said one of the people, who asked for anonymity because while affected employees were notified on Aug. 29, the scope of the plans hadn't been publicly announced. About 400 worked in a suburban Cleveland call center, and 200 dealt with overdue mortgages, the person said. The reductions are scheduled to be completed by Oct. 31, the people said.... "We do anticipate some slowdown in mortgage production resulting from recent increases in interest rates," Bruce Thompson, Bank of America's chief financial officer, said in a July 17 conference call.''