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Thursday, March 26, 2009 10:30 AM

Mortgage Bankers Association Lays Off 20

In an update to Peter Stone's story from this past Tuesday, the Mortgage Bankers Association has officially laid off 20 of their staff. The group also will require remaining employees to take one week of unpaid vacation and will suspend matching contributions for employees' 401K plans.

Congress Daily's Bill Swindell has the details this morning. (Subscription)

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