Florida Firm Growing, Hiring
A Florida-based company that helps servicers with real estate owned has added nearly 100 employees this year and has plans to add more.
Mortgage Contracting Services announced today that it has doubled its office space in Tampa, Fla., and Dallas to accommodate "explosive growth."
So far this year, the firm said it has hired about 92 employees.
read full story
Wachovia Cutting PA Jobs
Wachovia Corp. plans to eliminate mortgage jobs in Pennsylvania.
California Mortgage Layoffs
Hundreds of California employees were laid off earlier this month by Fremont Investment & Loan.
Positive IndyMac Update
IndyMac Federal Bank FSB, which still employs many of the people who worked there before it was taken over by government regulators, is operating under the Federal Deposit Insurance Corporation with fewer capital restraints in an environment with higher morale than in its final days as an independent company. Fewer layoffs are currently planned as the FDIC is apparently managing the company under a strategy that seeks to preserve value in the company's business units as ongoing entities.
BoA Lays Off Illinois Employees
Bank of America Corp. has begun the painful process of eliminating 7,500 jobs in connection with its recent acquisition of Countrywide Financial Corp. The first round involved Illinois employees.
Citi's Warehouse Unit Cuts More Jobs
More layoffs are planned at Citigroup Inc.'s warehouse lending unit.
New Jersey Layoffs at ResCap Unit
A Residential Capital LLC unit is laying off employees in New Jersey. The latest job cuts bring to more than 6,000 the number of layoffs since last year.
ResCap Closing Offices
Residential Capital LLC is closing two offices and eliminating more wholesale and retail positions.
Wachovia Job Cuts Grow
Wachovia Corp. has increased to 11,350 the number of jobs it plans to eliminate.
Layoffs at First American Unit
A unit of the First American Corp. has laid off employees at a Texas facility that services mortgage lenders.
