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.