Michigan Firm Hiring
A Michigan firm that specializes in FHA loans announced plans to hire 100 new production employees during the first quarter.
Shore Mortgage is recruiting 100 new employees over the next three months, a press release today said.
The expansion is the result of substantial activity this year and anticipated 2009 activity.
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Firm Hiring Thousands
A mortgage staffing firm is seeking to fill thousands of positions as mortgage activity has surged.
Lender Hiring Hundreds
A Kentucky-based mortgage banker has hired more than 300 employees over the past 12 months and expects to add more than 300 new positions next year. Most of the company's business is government.
Mortgage Employee Terminated Over Pregnancy
After one day on the job, a Pennsylvania woman told her new employer that she was pregnant -- allegedly leading to her termination. The state's employment commission investigated the claims, issued an order against the mortgage company and imposed a fine.
BoA Shifts Staff to Manage Activity Surge
The biggest U.S. mortgage lender is shifting some of employees from home-equity lending to handle a surge in residential mortgage activity.
Sovereign Cutting 8% of Workforce
Sovereign Bank disclosed plans to eliminate more than 8 percent of its workforce -- including some mortgage jobs.
MortgageIT Wholesale Done
Following a reorganization of the unit earlier this year, MortgageIT Inc.'s wholesale lending division will be shut down.
HSBC Retail Unit Halts New Business
A retail lending subsidiary of HSBC North America is scaling back operations and laying off staff.
CitiMortgage Cuts MO Jobs
Citigroup Inc. has begun cutting some of the 52,000 positions that it announced last month it planned to eliminate.
Credit Suisse Closes Wholesaler Unit
The wholesale lending subsidiary of Credit Suisse has told mortgage brokers that it is done doing business. The move is part of a strategy to lay off more than 5,000 employees.
