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Saxon Mortgage Layoffs Hit Fort Worth

02/28/2008 By: Kerri Panchuk Printer Friendly View

More than a week after Morgan Stanley announced layoffs within its residential mortgage platform, its lending subsidiary Saxon Mortgage Services was mentioned in a warn letter mailed to the Texas Workforce Commission to inform them of 100 job cuts at a Saxon facility in Fort Worth, Texas.
Earlier this month, Morgan Stanley announced layoffs within its residential mortgage lending operations due to current deterioration in the mortgage marketplace.


Author: Kerri Panchuk • Date: 02/28/2008

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