In the OC, Another One Bites the Dust -- Four Days Early

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Things are getting rough down in Orange County -- Opteum Financial, a mortgage company that was scheduled to shut down its Foothill Ranch office at the end of the week, surprised 130 employees by locking the place up four days early.

From the O.C. Register’s Mortgage Insider blog: ‘Workers at Opteum Financial Services in Foothill Ranch thought they had four days left before they lost their jobs, but when they showed up for work today, they found their way blocked by security guards and were told the office was closed, effective immediately, said Mary Glass Schannault. She was a senior vice president at the mortgage company and one of those who suddenly found themselves out of work.’

More: ‘The Vero Beach, Fla.-based mortgage company gave the Foothill Ranch employees 60-days notice of closure in April. ... Opteum specializes in Alt-A mortgages, the category just above subprime.’

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