The Real Estate Wonk: More mortgage woes -- for lenders - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

The Baltimore Sun > Business > Real Estate > The Real Estate Wonk

« Calling all home inspectors | Main | Home sales are ... up? »

October 3, 2007

More mortgage woes -- for lenders

The AP reports that Bear Stearns Cos., which lost $200 million on a pair of mortgage-debt hedge funds, is laying off 310 people and combining its two mortgage businesses. Also, the AP says:

The news came only hours after Credit Suisse Group said problems in the mortgage market will linger as long as 18 months. It announced a fresh round of layoffs in its commercial mortgage-backed securities division, mostly in New York.

Posted by Jamie Smith Hopkins at 3:24 PM | Permalink | Comments (0)

Post a comment

All comments must be approved by the blog author. Name-calling aimed at other commenters is not welcome here. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Name:

Email Address:

URL:

Remember personal info?

Comments:

Verification (needed to reduce spam):

About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie

Follow @realestatewonk on Twitter