GE Capital Mortgage Corp., reacting to a contracting mortgage market, is slashing 15% of its work force.

The layoffs should total 400 to 425 jobs of a total staff of 3,000, according to a company spokesman.

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.