Posted by Linda_H/FL on 9/13/07 11:54am
Msg #210747
Two more casualties?
"The mortgage industry continues to shed jobs as First Horizon National Corp. announced it would eliminate at least 1,500 positions by early 2008 as Option One Mortgage Corp. said it would lay off another 575 workers beyond the 615 job losses announced on May 15."
From The Mortgage Ledger today.
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Reply by Charles_Ca on 9/13/07 12:14pm
Msg #210753
Linda, did you catch the uptick in loans originated?
Seems like a bit of a bright spot wouldn't you say?
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Reply by Linda_H/FL on 9/13/07 12:14pm
Msg #210754
Re: We can only hope, Charles.. n/m
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Reply by Stamper_WI on 9/13/07 1:13pm
Msg #210762
Re: We can only hope, Charles..
Countrywide ticked up 6% today. As did GM
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Reply by Charles_Ca on 9/13/07 1:29pm
Msg #210766
Appears that seasonally adjusted refinance activity is up 6%
overall when compared to last week. 
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Reply by nm on 9/13/07 1:58pm
Msg #210780
Re: Appears that seasonally adjusted refinance activity is up 6%
Maybe we will all get slammed next week and at e/o/m, One can only hope..
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Reply by Charles_Ca on 9/13/07 2:48pm
Msg #210806
nm I think you just redefined the word optimist but you are
right, we can all hope! Good luck.
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Reply by Becca_FL on 9/13/07 3:47pm
Msg #210829
Re: Linda, did you catch the uptick in loans originated?
I've got the 18th circled on my calendar and I'm keeping my fingers crossed. If all goes as is speculated, we should see a nice uptick.
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Reply by nm on 9/13/07 4:11pm
Msg #210834
Re: Linda, did you catch the uptick in loans originated?
I just started getting calls for next week WHOA!!!
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Reply by spnotaryplus on 9/13/07 5:39pm
Msg #210852
Re: Linda, did you catch the uptick in loans originated?
I spoke with a couple of Brokers I know and it seems as though they picked up a lot of the work of companies that closed. One broker I attempted to contact for a friend stated she was really busy for the past two weeks in part due to the heavey volume left over from those companies that closed in this area. In fact she told me to stand by so she could push them my way for closing.
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Reply by Allison_MI on 9/13/07 7:15pm
Msg #210867
good company
Yes, they are affiliated with NREIS. Pay timely.
I do quite a bit for them.
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