August 27, 2007

Housing Bust Hits San Leandro

With housing prices on the decline, increasing numbers of foreclosures, and fewer people buying houses, Wachovia Bank announced it is laying off 100 people in San Leandro and 15 people in Walnut Creek. According to a spokesman for Wachovia, the people being laid off were loan closing specialists, underwriters and loan processors. According to this posting, those laid off were in the "ELOC group and Portfolio Retention."

Posted by Mike Katz-Lacabe at August 27, 2007 9:30 PM | TrackBack
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