The OC Register’s Mortgage Blog posted a growing list of Orange County mortgage company closures; here it is to date:
| Subprime Casualties | ||
|---|---|---|
| Acoustic Home Loans | Orange | Closed in April, laying off 203 people. |
| ACC Capital Holdings | Orange | Laid off about 3,000 on March 15. |
| ECC Capital | Irvine | Sold mortgage operation to Bear Stearns in Feb. |
| First Source Funding Group | Irvine | Stopped lending, says March 9 document on Web site. |
| Fremont Investment & Loan | Brea | Is shutting down, selling subprime unit. Said in March "many" of its 2,400 employees will be cut in May. |
| Master Financial Inc. | Orange | Stopped lending March 14. Had 275 employees as of last June, according to Dun & Bradstreet. |
| New Century Financial | Irvine | Files for bankruptcy April 2, lays off 3,200 workers, 500 in O.C. |
| Option One | Irvine | Parent company H&R Block trying to sell. Said in November would close 12 branches. |
| People’s Choice Home Loan | Irvine | Filed bankruptcy March 20. Web site listed 1,150 workers nationwide. |
| ResMae Mortgage Corp. | Brea | Filed bankruptcy Feb. 12, saying it would keep 800 out of 1,037 jobs. Cut about 100 jobs March 20. |
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
Related posts:
Loading ...