The next domino in the mortgage credit downdraft is the jobs out the window. The latest research shows the job losses mounting quickly as one institution after another shutters the offices. The number is heading up towards 20,000 in the past few weeks and is climbing - see Full article.

The economy is doing well so these losses may be quickly absorbed elsewhere, but for those with positions in the financial sector, it is getting more complicated. Any idea how many could be effected total in the mortgage and credit sectors?

This entry was posted on Thursday, August 23rd, 2007 at 9:54 am and is filed under Financial Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.