H.F. Ahmanson & Co., Irwindale, Calif., took a pretax charge of $11 million in the third quarter for planned personnel reductions and other costs associated with streamlining its mortgage origination.

The streamlining program, which Ahmanson calls Project Home Run, consolidates processing and underwriting in its nationwide loan offices into two loan service centers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.