Arizona based firm to lay off 541, shut mortgage unit

by John Wake on August 22, 2007

There been a hell of a shakeout in the mortgage industry, the beginnings of a modest shakeout among Realtors but when are we going to see a shakeout among home builders? It’s their turn.

the latest move will cut the number of workers in the unit to about 130, primarily in Tempe. At the peak last year, 1st National’s mortgage operation counted more than 1,000 workers

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