Industry News

Mortgage lenders send 3,050 workers packing

National City, Countrywide, Lehman Brothers seek to cut costs
Published on Sep 6, 2007

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by CareyBot

National City Corp., Countrywide and Lehman Brothers announced more than 3,000 layoffs today and Wednesday, as mounting losses in mortgage lending force companies to cut costs. National City Corp. said today it was laying off 1,300 workers at National City ...