Saturday, May 12, 2007

40 More People in Mortgage Business Lose Jobs in Bellevue

According to an article in today's Seattle Times, New Century Financial has closed its doors in Bellevue, leaving about 40 people unemployed for now. New Century worked primarily in the sub-prime market and made 4733 residential loans totaling $973.7 million in Washington state last year.

While this alone would not have a huge impact on the local real estate market, it may be a sign that the sub-prime mess will have a trickle down effect. Afterall, it is 40 less jobs in Bellevue and over 4700 loans that won't be made this year or next ...

What are your thoughts about this?

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2 Comments:

At 9:18 PM, Blogger Dave said...

Hello,
I just got a new site through real estate web design they told me it takes time to gain rankings or even be listed on the search engines. Is that true? Please advise.
Thanks

 
At 8:42 AM, Blogger workhard said...

Good views...

Idaho Real Estate

 

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