Tuesday, October 16, 2007

Gaithersburg loan unit lays off 160 workers (Baltimore Sun)

Aurora Loan Services LLC, the mortgage-lending subsidiary of Lehman Brothers Holdings Inc., has laid off 160 employees in Gaithersburg as the parent company moves to scale back its home-loan business in response to turmoil in the industry and in the secondary market where investors trade mortgage debt.

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[Source: Yahoo! News Search Results for housing loan]

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