MarketWatch tells me that WaMu’s on a cost-cutting rampage, and the knife’s aimed at California and Florida, where 755 of the jobs will be lost. Not much being reported right now, but here’s the gist: Washington Mutual said Thursday that it is cutting 1,200 more jobs as part of the lender’s efforts to reduce costs [...]
Filed under: Uncategorized | Tagged: california, Florida, marketwatch, WaMu | Leave a Comment »
I was talking to some mortgage brokers today and they were telling me that the GSEs (government-sponsored enterprises like Fannie Mae, Freddie Mac, Ginnie Mae, Sallie Mae, etc.) were releasing some of their criteria and it didn’t look that good for homeowners (and would-be homeowners.) Why you ask? “It’s looking like lending is moving back to the [...]
Filed under: Foreclosure Fever, Mortgage Mania, The Market | Tagged: california, fannie mae, fha, foreclosure, freddie mac | 3 Comments »
