Mortgage industry’s champagne goes flat
Story date: 2007-10-23 08:21:00
Added on: 2007-10-23 22:00:18
Financial Times - ... is in a 90-day consultation with staff about slashing between 175 and 225 jobs in areas such as mortgage processing. Meanwhile, Advantage Home ... Interest rates in subprime mortgages have risen by 35-75 basis points or more. Some lenders have pulled ...
Read more...
Related Stories:
-
UK home builders Bovis, Redrow slashing staff by 40 percent in face of ... - International Herald Tribune
LONDON : U.K. homebuilders Bovis Homes Group PLC and Redrow PLC each said Wednesday they were slashing staff by 40 percent in...
2008-07-09 12:47:00 -
Economy sheds 80,000 jobs in March (USA Today)
Employers cut payrolls for a third month in a row in March, slashing 80,000 jobs for the biggest monthly job decline in...
2008-04-04 07:07:49 -
Axe to fall on over 400 jobs
IC Berkshire - WORKERS have been dealt a severe blow after two companies announced drastic job cuts. Mortgage broker GMAC RFC announced...
2007-10-16 02:21:00 -
GMAC's ResCap mortgage unit to cut 3,000 jobs (Pioneer Press)
GMAC Financial Services is slashing another 3,000 jobs from its troubled Bloomington-based mortgage business as the lender battles the housing slump and...
2007-10-17 10:09:29 -
Wachovia To Cut 6,350 Jobs After $8.8B Loss (KMGH 7 Denver)
Wachovia Corp. says it is slashing its dividend and cutting 6,350 jobs after a $8.86 billion second-quarter loss....
2008-07-22 07:35:09 -
Mortgage lender to cut staff 25% (CNN Money)
Residential Capital LLC, the home lending arm of the former General Motors finance unit GMAC, announced it is cutting 3,000 jobs, or...
2007-10-17 06:52:17 -
Job Cuts at McGraw-Hill Will Eliminate 3% of Staff (NYTimes.com via Yahoo! Finance)
The McGraw-Hill Companies said it was cutting 611 jobs, or 3 percent of its staff, and taking an after-tax charge of...
2008-01-09 06:39:40 -
Mortgage lender IndyMac slashes 2,403 jobs
MENAFN - (MENAFN) Chief Executive of one of the largest U.S. mortgage lenders, IndyMac Bancorp Inc, said it is slashing 24 percent,...
2008-01-16 02:17:00
