Sunday, January 28, 2007

OC Register - "Mortgage woes may hurt O.C. job market" (1-28-07)

"Nationwide there are 40 to 50 big subprime lenders, so a few closing their doors or being sold won't solve the oversupply problem, he said. In any case, job growth in Orange County will slow this year as a result of cutbacks by real estate-related companies, including mortgage lenders, said Esmael Adibi, director of the A. Gary Anderson Center for Economic Research at Chapman University in Orange."

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