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August 22, 2007

5

San Diego Mortgage Co. to Layoff 1,600

by Bob Schwartz

San Diego condominiumsSan Diego-based lender, Accredited Home Lenders Holding Co., is said to have stated it will close more than half its operations and fire about 1,600 employees. Within week, they are planning to close 60 retail branches and five support centers. Also, they will cese all U.S. loan applications from its network of mortgage brokers.[tags]San Diego mortgage,San Diego housing,San Diego real estate,San Diego housing bust[/tags] San Diego real estate agents

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5 Comments
  1. The structural problems remain. No quick fixes possible there.
    real estate lawyer New Jersey

  2. The late great Milton Friedman had counseled firmly: Never, never bail out foolish people who have made grave, self-harming mistakes.
    San Diego Lasik surgery

  3. .. and the situation is not getting any better at all…
    Downtown San Diego Real Estate

  4. Mar 21 2008

    We must blame the President, surely he must have been wrong. We blame him for everything including continental drift, whenever there is a problem or a minor rift.

    Sommer
    Acne Treatments & Prevention

  5. Mar 21 2008

    Thats really too bad!

    Steven
    San Diego Hotels & Tourism

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