Mortgage Lender Cuts Jobs, Shuts Offices

Posted on September 12, 2007 by Melanie G. Rogers

In another sign of the housing market’s woes, First Horizon National Corp. is cutting 1,500 jobs, or 50% of its mortgage sales force, and shutting 50 offices, according to the American Banker.

The company’s Web site says it employs 12,000 in 40 states. Its stock traded at $29.52 just before noon ET today.

Who will be next to make cuts? Comment here.

Published: Sep 12, 2007


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