Bear Stearns Cuts 310 Mortgage Jobs, to Merge Units (Update2)

Story date: 2007-10-03 12:38:00
Added on: 2007-10-04 05:01:27

Bloomberg - Wall Street firms, which package home loans into bonds and sell them to investors, bought mortgage companies in recent years to assure a steady supply and are now stuck with too much capacity. ``This is consistent with what we've seen ...


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