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MEMPHIS, Tenn., Sept. 12, 2007 (PRIME NEWSWIRE) -- Jerry Baker, CEO of First Horizon National Corp. (NYSE:FHN - News), has announced strategic changes the company is making in its mortgage, national real estate and banking businesses. First Horizon Home Loans plans to cut up to 50 percent of its mortgage sales force, reduce support staff and close under-performing mortgage branches. ``We're going to be aggressive and dramatically improve our performance and efficiency by keeping only our most productive sales performers, who for us generate almost 90 percent of our production,'' said Baker. ``In addition, we'll make reductions in our wholesale divisions and specialty sales forces.'' First Horizon also plans to make adjustments to other national businesses, including: .
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