|
|
| American International Group Inc.’s mortgage insurance subsidiary is reducing its workforce.
United Guaranty Corp. is laying off 160 employees, a spokeswoman confirmed to MortgageDaily.com. Some of the job cuts were effective immediately, depending on the positions, according to the spokeswoman. The rest of the layoffs will occur within 30 days. Most of the workforce reduction impacted North Carolina employees, she said. The layoffs follow the recent ouster of William V. Nutt as chief executive officer of the Greensboro, N.C.-based mortgage insurer. Nutt was replaced this month by Eric Martinez Jr. |
