Aegis Closes 2 Operations Centers

Aegis Mortgage Corp., Houston, which said goodbye to its longtime chief executive last month, has closed two subprime operation centers, laying off an undisclosed number of workers.The move comes one month after it also combined two operating units -- Aegis Funding Corp. and Aegis Wholesale Corp. -- and parted ways with its longtime chief Rick Thompson. AFC was a subprime wholesaler. AWC (the surviving name) is a prime and alternative-A funder. A spokeswoman for Aegis, which is owned by Cerberus Capital, said she did not know how many workers lost their jobs with the closure of the two op centers. She stressed that no account executives have been let go, and would not comment on Mr. Thompson's departure. (Sources told MortgageWire that he was forced out.) She also would not comment on Aegis' production volumes, but said that business, in general, is good. (For full details, see the Dec. 18 issue of National Mortgage News.)