Another California-based wholesale operation has shut down.
Subprime Wholesaler Out
The parent company of E-LOAN will exit subprime wholesale lending -- a move that will leave more than 600 employees out of work.
Best Mortgage Employers
The best mortgage-related company to work for last year paid its mortgage bankers an average of $82,000, provided employees with professional sports entertainment and brought in a major pop band for a big company celebration.
New Century Unit Downsizes
A branch reduction at a New Century Financial Corp. subsidiary resulted in hundreds of mortgage employee layoffs.
AZ Co. Shutting Down
An Arizona-based company has defaulted on its debts and is winding down mortgage operations -- leaving over 100 people unemployed.
The latest corporate activity in mortgage banking was topped by Merrill Lynch & Co.'s acquisition of a subprime mortgage lender.
2 More Shut Down
Two Virginia-based bankers have decided to shutter their mortgage-lending units.
ResMAE Negotiating Sale
Another investment banking firm is negotiating the acquisition of a subprime wholesale lender.
Layoffs as Unit Closes
As one subprime unit of National City Corp. was sold, another closed its doors and laid off workers.
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