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Rsl Financial Corp

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BUSINESS
June 18, 1994
RSL Financial Corp., a thrift holding company in Wichita, Kan., that operates one of the bigger mortgage banking operations in Orange County, will lay off 82 workers at its California subsidiary as it consolidates the operations into its Railroad Savings & Loan. The move to absorb the subsidiary, RSL Mortgage Corp., was prompted by a big drop in home mortgages in the California market after interest rate increases this year killed the long boom in the home refinancing market.
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BUSINESS
June 18, 1994
RSL Financial Corp., a thrift holding company in Wichita, Kan., that operates one of the bigger mortgage banking operations in Orange County, will lay off 82 workers at its California subsidiary as it consolidates the operations into its Railroad Savings & Loan. The move to absorb the subsidiary, RSL Mortgage Corp., was prompted by a big drop in home mortgages in the California market after interest rate increases this year killed the long boom in the home refinancing market.
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