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 our subscriptions team to discuss your access: subs@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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%