Mortgage Market Update

September 13th, 2007 by jason

According to the TBWS.com daily update:

Washington Mutual is to stop providing warehouse lending lines (ouch)

Option One (Sub Prime) is to cut 575 jobs

First Horizon to cut 1,500 jobs in their secondary division

Countrywide funded ~$34Billion in loans in August of 2007, off 17% from August of 2006

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