mortgage

This is actually a guest post, but I decided to comment on it.

You see, we always think that it is the home owners who suffer from the mortgages due to credit crunch today. Well, I just learned that the employees in the business are also severely hit by the credit crunch.

I admit, I personally never take a look at mortgage business from bird’s eyes view. Now I see the mortgage business is stretched, if not crumbling, right now - causing thousands of people losing their jobs due to lay-offs and downsizings.

People and businesses ought to be more resilient and creative, these days!

Here is the full story on mortgage business in the UK…

Jobs to go at HBOS mortgage sector

With the mortgage drought in the UK continuing since the onset of the global credit crunch last year, it is not only consumers who are suffering. Many people that work within the mortgage industry have also suffered as a result of the turmoil in the mortgage sector, and recently HBOS has announced that there are to be job losses in its mortgage loan sector. The closure of a specialist mortgage branch by HBOS is to result in the loss of 325 jobs by the end of March next year.

[click to continue...]

Related posts other people has read:

Real Estate Investment Management: Refinancing Your Residential Properties for Better Cash Flow Management

Small Business Credit Crunch - A Blessing in Disguise?

Recession Today: Don’t Just Survive - Thrive!

Sell and Rent Back - THE Business in the Declining Real Estate Value Today?

Small Business Credit Crunch Solution - Commercial Property Sale and Lease Back