Finance
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WMC Gutted, Lays Off Half of Workforce
Apr 20, 2007Confirming industry rumors that had surfaced earlier in the week, GE Money representatives yesterday confirmed through various media outlets that layoffs had affected 50 percent of the company’s national workforce at Burbank-Calif.-based WMC Mortgage on Thursday — roughly 750 employees in total were given their walking papers. GE Money had been very tight-lipped regarding its plans, with spokesperson Michael Ettlemyer telling HW on Wednesday afternoon that the company was not planning on making additional cuts. HW had approached the company earlier on Wednesday regarding the rumors of pending layoffs.
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ResCap To Shed 700 More Jobs Amid Subprime Turndown
Apr 20, 2007 -
Opteum to Exit Conduit and Wholesale Lending; Going Concern?
Apr 20, 2007 -
Countrywide CEO Continues to Unload Stock
Apr 19, 2007 -
Money, Meet Mouth: Freddie to Buy $20 Billion in Subprime Loans
Apr 19, 2007 -
Mortgage Rates Retreat as Inflation Fears Ebb
Apr 19, 2007 -
Foreclosure Filings Rise 47 Percent Nationally
Apr 18, 2007 -
WaMu’s Mortgage Ops Lose $113 Million in First Quarter
Apr 18, 2007 -
Supreme Court Rules in Favor of Mortgage Lenders
Apr 18, 2007 -
WaMu Introduces Refi Program for Subprime Borrowers
Apr 18, 2007
