Industry News

Ameriquest Mortgage to shed 10% of workers

Cooling real estate loan demand cited in layoff decision
Published on Nov 18, 2005

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by CareyBot

The corporate parent of Orange, Calif.-based Ameriquest Mortgage Co. said Thursday that it would lay off 10 percent of its nationwide workforce – about 1,500 employees – as the long-running housing boom and demand for home loans cooled off, Associated ...

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