WMC Mortgage Lays Off 440, Dismantling Rumors Swirl

Approximately 440 WMC Mortgage employees have been let go this week and market chatter suggests the subprime lender’s platform will now be dismantled instead of sold.

  • 01 Nov 2007

--Cathy Cunningham

Approximately 440 WMC Mortgage employees have been let go this week and market chatter suggests the subprime lender’s platform will now be dismantled instead of sold. Officials at parent company General Electric, however, say the sale of WMC will still go ahead.

The troubled lender announced ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%