Commercial Mortgage Banker HFF LP (Previously known as Holliday Fenoglio Fowler LP) to Cut 12% of its Workforce – 57 Employees Will Lose Jobs

HFF LP, a publicly traded commercial real estate finance company based in Pittsburgh PA, is downsizing in response to the weakening credit and real estate markets. HFF will cut nearly 60 of its 433 workers from its 18 offices nation-wide.
HFF stock, like financials in general and mortgage originators in particular, has been hammered during this current market turmoil. They went public in ’07 at around $17. 00 a share and now trade at less than $3.00.

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