Props to S Crow for pointing out the demise of yet another local mortgage company: Merit. Kirkland-based mortgage company Merit Financial will meet with its 300 employees this morning to let most of them go as executives decide whether to file for bankruptcy, according to two people familiar with the company’s plans. Merit Financial will…
Tag: WaMu
Seattle-Based WaMu Shrinks As Housing Cools
Although cooling in the housing market may not have reached Seattle just yet, some of its effects are being felt here: Responding to the cooling housing market, Washington Mutual Inc., the largest U.S. savings and loan, said on Wednesday that it was laying off 2,500 support employees in its mortgage unit. The Seattle, Washington-based company…