Morgan Stanley Cuts 600 Jobs in Home-Loan Business (Update2)

Story date: 2007-10-02 01:44:00
Added on: 2007-10-02 15:22:17

Bloomberg - Wall Street firms, which make money by packaging loans into bonds and selling them to investors, bought mortgage companies in recent years to obtain more loans, a trend that is now reversing. ``Everyone who has any mortgage business is ...


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