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More mortgage industry layoffs...are they happening here?This is a discussion on More mortgage industry layoffs...are they happening here? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; We're getting news that GMAC Financial Services plans to close 200 offices and lay off about 5000 people nationally. The ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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09-03-2008, 07:20 PM
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More mortgage industry layoffs...are they happening here?
We're getting news that GMAC Financial Services plans to close 200 offices and lay off about 5000 people nationally. The story from The AP is here. The question is: Does GMAC or ResCap have offices in the Sacramento region? Are...
More... (Source: Google Blog Search) 
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| happening, industry, layoffsare, mortgage |
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