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More Than 86,000 Mortgage Jobs Were Cut in 2007
By JLP | January 7, 2008
From CNNMoney.com:
More than 86,000 mortgage jobs were cut in 2007 because of the weakening real estate market, according to a new report released Monday by MortgageDaily.com.
Countrywide Financial Corp., (CFC, Fortune 500) the nation’s largest lender, shed the most staff in 2007. Net job losses at the Calabasas, Calif.-based lender totaled 11,665, or about 14 percent of all mortgage jobs lost during the year.
I wonder how many of those jobs were created during the boom?
Topics: Housing Market | 2 Comments »
February 8th, 2008 at 12:46 pm
Know what ? Ijust got word today that if i cannot get my house payments caught up by april my house is going into foreclosure. People are being ripped off by mortgage companies .I have a payment of nearly 1200.00 a month for a 35year old house it is ridiculous the way this country is soooooo GREEDY!!! May God have mercy on us all.
September 15th, 2008 at 6:45 am
The greed has gotten so bad that our whole country is suffering! Former President Clinton had gotten us out of debt and 2 years into the new Presidency of Bush got us in a bigger whole!
And the government is looking out for the American people — what a joke! And how it trickles down to the average joe to pay the most taxes.
Greed is putting it too kindly!