We need to catch you up on some news pertaining to job losses in the mortgage lending industry. Our analysts will add to our “job loss” category as time permits. For now here is another article about mortgage industry job losses:
Mortgage Lenders Network filed for bankruptcy in February 2007, foundering amid mistakes in pricing some loans and an industrywide increase in defaults in subprime mortgages – loans made to people with tarnished credit. About 1,800 people lost their jobs, about half in Connecticut.
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This article, Mortgage Lenders Network Job Losses, is just one of our articles from our Mortgage Crisis Daily
The Subprime Mortgage Crisis Before, During, and After
Mortgage Crisis Daily monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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