Register staff writer Mary Ann Milbourn reports:
Option One Mortgage Corp. will shut down its lending operations, close three offices and lay off 620 people nationwide after a deal to sell the subprime lender fell apart, parent company H&R Block announced today.
The company said it will not accept any new loans but will complete about [...]
Related Headlines
- Updated: Chase Mortgage Wholesale Slimming Down - not closingposted 15 weeks ago on Blown Mortgage
- Chase wholesale eliminates jumbo home loansposted 23 weeks ago on Blown Mortgage
- Thornburg Funding Suspended Until Margin Calls Resolvedposted 43 weeks ago on Blown Mortgage
- Wamu Shutters Wholesale, Loan Centersposted 39 weeks ago on Blown Mortgage
- The Big Squeeze - Countrywide Limits Broker Compensationposted 40 weeks ago on Blown Mortgage
- Lending Tree sheds another 220 jobs, mostly in Irvineposted 56 weeks ago on Mortgage Insider
- Bank of America May Write Down $6.5 Billionposted 41 weeks ago on Blown Mortgage
- Another (large) nail in the coffin - Wachovia closes wholesaleposted 24 weeks ago on Blown Mortgage
- Impac to Report Larger-than-Expected Quarterly Lossposted 59 weeks ago on Blown Mortgage