The work volume will be handled at Ditech’s main offices in
Bruin said the
The lease on the 3-year-old
“We will have a handful of employees remaining in
The mortgage lending sector has been hit by the housing slump, the recession and a consumer credit crunch that has constrained lending. The Valley has lost 11,600 financial services jobs since the recession started in late 2007, going from 151,200 in December 2007 to 139,600 in July of this year, according to the Arizona Department of Commerce.
The Valley’s unemployment rate for July was 8.4 percent, up from 3.5 percent in November 2007. The state’s July jobless rate was 9.2 percent, up from 4.2 percent in November 2007, according to ADOC.
GMAC Mortgage/Ditech
Address:
Layoffs: 103
Date: Nov. 6
Reason: Work to be moved to Ditech’s
HISTORY: Established 1995, acquired by GMAC in 1999
Web: www.gmacmortgage.com or www.ditech.com
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