http://www.mortgagenewsdaily.com/142008_National_City.aspNational City Corporation , one of the 10 largest banks in the country, will eliminate 900 jobs. The cuts will affect approximately one-seventh of the bank's mortgage staff and is the second major layoff in a little over a year. And, just to show thatenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/142008_National_City.asp#9653Sat, 05 Jan 2008 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9653anonymousInteresting. A company as big as BoA having, on staff, people from Ivy League Schools and using the eliminating of &quot;formerly free employee amenities&quot; as a way to improve the bottom line in this market. Does that mean BoA employees will get charged for soap as a deduction from their paychecks? What about the electricity it takes to run the employee refrigerators in lunchrooms? Will that end up being a deduction too? <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9653" width="1" height="1">http://www.mortgagenewsdaily.com/142008_National_City.asp#9652Fri, 04 Jan 2008 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9652Diana Bell<p>The current programs that most of the banks are funding money for are not working. This mortgage crisis issue is a very highly emotional problem that needs to be dealt that way. From an emotional stand point. What we have right now is an 800# that people call and then given a number of a non-profit in there particular area to contact. The non-profit has them bring in some information and has them sign a form giving them permission to talk to the mortgage company.</p> <p>The solution (which 9 out of 10 times involves sending money) is usually not something that these people can easily resolve, since more then likely it has to do with loss of employment or illness. This only leads to anger, despair, and depression and hopelessness. At some point they are also referred to an agency for example Consumer Credit, to deal with their other credit issues that are worsening in the mist of all of this.</p> <p>They need a way out after all efforts are exhausted. By implementing these services, it would provide more cooperation on every ones part and less destruction on the families themselves and the banks property in the end. We can&#39;t stop all of the foreclosures and the banks losses, but if bank has to ultimately take the loss at least take the loss after you have tried everything to help resolve the situations. End it on a positive note not a negative one that it is on track to do now.</p><div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9652" width="1" height="1">http://www.mortgagenewsdaily.com/142008_National_City.asp#9651Fri, 04 Jan 2008 13:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9651GuyBofA eliminating soap! What&#39;s next? They&#39;re gonna remove toilet paper from the cans?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9651" width="1" height="1">