Housing Peak: Subprime Lender Cutting Jobs
Nov 28th, 2005 | By Michael Shedlock | Category: Emerging Markets
ON NOVEMBER 17, Subprime lender Ameriquest Mortgage announced that it was cutting 1,500 jobs:
"The corporate parent of Orange-based Ameriquest Mortgage today said it would lay off 10% of its workforce -- about 1,500 employees -- as the long-running housing boom and demand for home loans cools off.
"ACC Capital Holdings, ...read more
