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Another major lender has announced massive layoffs and the suspension of its third-party brokered mortgage operations. National 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...
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If it seems ever harder to keep track of the companies that have either stopped subprime lending or alt-a lending or all mortgage lending or have gone out of business altogether, well, that's because it is harder and harder. The numbers are dizzying; according to MSNBC - and this was on Monday, the number...