Chevy Chase Bank closing O.C. office?
January 14th, 2008, 3:59 pm · 1 Comment · posted by Matt Padilla, Register Reporter and Blogger
I got a tip from Randall Marquis at Implode-O-Meter that Bethesda, MD-based Chevy Chase Bank is closing its wholesale operation, including the western region office in Aliso Viejo at 15 Enterprise. I have called a few of the executives and sales staff listed on the web site of the whole sale division and no one is answering. One voice mail said the division stopped funding loans today. If anyone knows anything, please comment or, even better, e-mail me at mapadilla at ocregister.com with a name and a phone number at Chevy, if you have one.


June 24 average daily rates in Orange County for 30-year fixed loans with one-point fee: Conforming up to 6.078%, Jumbo up to 7.446% and Conforming-Jumbo up to 7.208% (Note: conforming-jumbo rates are for loans from $417,000 to $729,750, while conforming is up to $417,000 -- both types are sold to GSEs. Jumbos here are $730,000 or higher and not sold to GSEs.)
Source: Newspaper Chart Services 










January 14th, 2008 at 6:08 pm
I know someone who worked there up until today. It is true. They said two executives came in this morning and laid off the remaining 22 employees, then shut down the enire office! Bummer….