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trimmed staff at its alt-A/conventional mortgage affiliate

U.S. equity futures drifted lower Tuesday, setting up the S&P 500 for its first three-day decline since early May, as investors peel back from recent record highs and take a defensive stance on risk.

The company expects to save approximately $350 million annually. The company is offering voluntary buyouts to some eligible employees in order to further trim its workforce. The job cuts amount to 9%.

Sales came in at $1.2 billion, also above consensus of $1.162 billion. However, since management trimmed its guidance for the amount of cars it expects to deliver in 2015, investors are punishing the.

Conventional mortgages are a great choice for many homeowners because they offer lower costs than some other popular loan types. If you have a high enough credit score and a large enough down payment, a conventional mortgage might be right for you.

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H&R Block said Friday it agreed to sell its Option One Mortgage unit to an affiliate of private equity firm Cerberus Capital Management, ending a months-long search for a buyer of the beleaguered.

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NEW YORK ( TheStreet) — Citigroup ( C – Get Report) said it is cutting 1,000 jobs in its mortgage business, according to reports by at least three news organizations which cited spokespeople for the.

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