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Mortgage business on downturn — consumer spending to follow?

<![CDATA[Washington Mutual is laying off 4,500 loan professionals and slashing its guidance because of a serious downturn in the mortgage market, a dire sign for the “economic recovery.” Without the liquidity provided by re-fis, consumers are likely to turn down their spending.]]>

<![CDATA[Washington Mutual is laying off 4,500 loan professionals and slashing its guidance because of a serious downturn in the mortgage market, a dire sign for the “economic recovery.” Without the liquidity provided by re-fis, consumers are likely to turn down their spending.]]>