List of Recent Mortgage Closures, Mergers and Layoffs

The Truth About Mortgage.Com in a List of Recent Mortgage Closures, Mergers and Layoffs provides a growing list of mortgage companies consolidating, laying off employees, sending out warnings, and going out of business in the current mortgage meltdown.

According to the author, it has been reported that there have been more than 40,000 mortgage layoffs since the beginning of the year.

According to the website, the list was last updated on October 5, 2007 and includes the
latest updates:

“Miami Valley Bank shut down
Market Street Mortgage winding down operations
Option One buyout in jeopardy
WaMu laying off 50 in Capital Markets
Countrywide closes 12 loan fulfillment centers
Encore Credit merging with Bear Stearns Residential Mortgage
Bear Stearns layoffs
Credit Suisse announces 170 more layoffs
Frost Mortgage partners with First Houston
Greenpoint Mortgage ceasing commercial loan origination Oct. 5th
Morgan Stanley cuts 600 mortgage jobs”

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This entry was posted on Monday, October 8th, 2007 at 7:40 pm and is filed under Mortgage Lenders In The News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. By using this blog, you agree to the Terms and Conditions. Under the Terms and Conditions, you agree and understand that your use of this blog does not create an attorney-client relationship, and that the contents of the blog does not constitute legal advice. This blog should not be used as a substitute for competent legal advice from a licensed attorney in your state. Wronged by your Employer? Want to Fight Back? Contact A Class Action Attorney at www.ClassActionConnect.com.