Washington Mutual Inc. is closing two divisions that financed mortgage companies and bought loans from other lenders and is cutting about 1,000 jobs, according to the Los Angeles Times.
As part of the move, the company is laying off about 155 employees at its subprime loan processing center in Anaheim, reports the Times, citing a spokesman [...]
Related Headlines
- Option One Sale in Jeopardy - H&R Block May Shutter Unitposted 64 weeks ago on Blown Mortgage
- WaMu cuts 1,200 jobsposted 22 weeks ago on Blown Mortgage
- Option One switches to all Fannie eligible productsposted 64 weeks ago on Blown Mortgage
- Bear Stearns Next Up - Cuts 310 Jobs in Consolidation Moveposted 59 weeks ago on Blown Mortgage
- Accredited Home Lenders - layoffs & no new loansposted 65 weeks ago on Blown Mortgage
- Option One Done?posted 50 weeks ago on Blown Mortgage
- Bank of America to Cut 3,000 Jobsposted 56 weeks ago on Blown Mortgage
- Bush Signs Economic Stimulus Packageposted 40 weeks ago on Blown Mortgage
- National City drops pants for $7 billion in liquidityposted 30 weeks ago on Blown Mortgage