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| American Home sees no alternative but to reduce employees American Home Mortgage Investment Corp., a large U.S. mortgage provider, reported that, in light of the liquidity issues resulting from extraordinary disruptions occurring in the secondary mortgage market, the company has determined to significantly reduce its operating structure. American Home has ceased taking mortgage applications and has notified all of its production employees that they will be separated effective today, August 3, 2007. Accordingly, the company employee base will be reduced from over 7,000 to approximately 750. write your comments about the article :: © 2007 Construction News :: home page |