Thousands Lose Jobs Because of Mortgage Problems

Mortgage brokers and real estate agents are starting to lose their jobs -- the latest casualties from the nation's mortgage problems. Since the start of August, nearly 21,000 workers in the mortgage and lending industry have been fired, according to Challenger, Gray & Christmas Inc., a consulting firm that tracks job-cut announcements. More than half of those job cuts came in the last week alone as First Magnus Financial Corp., Countrywide, Capital One and the lending unit of Bear Stearns all...Full Story
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