Mortgage Investors Corp., a St. Petersburg business owned by Bill Edwards, will lay off 380 employees.
A notice to state work force officials said 260 employees are being laid off now, with the remainder being laid off by July 26.
A letter signed by Edwards said the layoffs at the company’s facilities on Central Avenue stem from “unforeseeable circumstances due to the recent sudden and dramatic spike in interest rates and, more importantly, the fact that the secondary market for mortgage-backed…
Mortgage Investors Corp., a St. Petersburg business owned by Bill Edwards, will lay off 380 employees.
A notice to state work force officials said 260 employees are being laid off now, with the remainder being laid off by July 26.
A letter signed by Edwards said the layoffs at the company’s facilities on Central Avenue stem from “unforeseeable circumstances due to the recent sudden and dramatic spike in interest rates and, more importantly, the fact that the secondary market for mortgage-backed…