More layoffs hit home-loan industry (Contra Costa Times)
NEW YORK -- Bear Stearns Cos. said Wednesday that it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in the investment bank's profit this summer.

More mortgage layoffs: Bear Stearns firing 310 workers (USA Today)
Bear Stearns said Wednesday it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in the investment bank's profit this summer.

Bear Stearns blames loan crisis for layoffs (Connecticut Post)
NEW YORK (AP) �Bear Stearns Cos. said Wednesday it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in

Morgan Stanley shuffles mortgage unit (AP via Yahoo! News)
Morgan Stanley said Tuesday it is cutting about 600 jobs and slimming down its mortgage business, after a credit crisis upended the home loan industry this summer and forced other investment banks into similar moves.

Morgan Stanley shuffles mortgage unit, cuts 600 jobs (USA Today)
Morgan Stanley said Tuesday it is cutting about 600 jobs and consolidating its mortgage businesses, after a credit crisis upended the home loan industry this summer and forced other investment banks into similar moves.