Another large subprime lender has ceased funding loans: Mortgage Lenders Network USA. Based in Connecticut,
with over 1,500 employees, the company is rumored to have run into trouble due to "pricing issues" and is the
third largest subprime lender to have negative press recently. It is certainly an interesting time to watch the
mortgage employment picture, as some companies continue to release employees into the job pool whereas
others continue to expand. (RMIC, for example, is looking for a representative for Northern California - let me
know if you'd like a contact person.)
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