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