Industry News

Bear Stearns trims 310 jobs in mortgage consolidation

Subprime lender Encore Credit merging with Bear Res
Published on Oct 4, 2007

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by CareyBot

Bear, Stearns & Co. Inc. will cut 310 jobs in the process of combining its mortgage origination lending businesses, Bear Stearns Residential Mortgage and Encore Credit, into a single unit, the company said Wednesday. Bear Stearns completed its acquisition of ...