I predict the Bear Stearns Mortgage unit will collapse right about the time of the Super Bowl. This BS unit is currently being piloted by the most blatant mortgage fraud criminal I ever encountered, Greg Fedler.
Consumer Mortgage Reports
BEAR STEARNS CUTS 310 MORE MORTGAGE JOBS
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"Bear Stearns has cut 310 mortgage jobs in a consolidation of its lending businesses that it expects ultimately to streamline third party originators’ contacts with the company and provide TPOs with a wider range of products.
Under the Bear Stearns reorganization, Residential Mortgage and Encore Credit will be combined into a single unit under the name Bear Stearns Residential Mortgage Corporation.
After an unspecified transition period, the company in keeping with industry trends plans to offer third party originators single points of contact for its full loan product line and to expand its product line to include government and government sponsored loans."
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1804 Cross Bend, Plano Texas 75023