Mortgage Jobs Expand, But US Job Growth Hurts Rates
The last time the unemployment rate was this low, the financial crisis hadn't yet culminated and another administration was in the White House. Mortgage jobs expanded, but the solid U.S. report is hurting mortgage rates.
Record Attendance at Mortgage Broker Conference
Attendance at the recent mortgage broker conference was better than it has ever been, prompting an optimistic outlook for the industry.
Mortgage Broker Cooperative Launches
A new cooperative targeted at mortgage brokers promises to improve access to wholesale lending programs while streamlining the origination process for wholesale lenders.
Mortgage Jobs Surge Despite Weak Jobs Report
While monthly job gains were weak among all U.S. industries, employment in the mortgage sector was stronger for the third month in a row.
Mortgage Broker Headed to Jail
A former mortgage broker in Pennsylvania has been sentenced to more than three years in prison for duping wholesale lenders.
Some Mini-Correspondents Subject to Broker Rules
Guidance has been issued to help mortgage brokers that are transitioning to mini-correspondent lenders better understand whether they are still subject to broker rules.
Brokers Drive Increase in Mortgage Jobs
A monthly increase in the number of mortgage brokers more than offset a dip in other mortgage jobs. The U.S. job market overall saw a healthy gain last month, placing upward pressure on mortgage rates.
Mortgage Brokers Trim Jobs, Non-Bank Lenders Expand
A slight increase in employment at non-bank mortgage lenders wasn't enough to offset a monthly decline at mortgage brokers. But gains were made among all U.S. industries.
Mortgage Jobs Down, Mortgage Rates Up
A solid showing for U.S. employment wasn't enough to bolster monthly mortgage employment numbers, but it was enough to push mortgage rates higher.
Brokers Sustain Month's Mortgage Employment
Even though U.S. job growth has accelerated, it still was less than investors were hoping for. Monthly mortgage industry staffing was mildly lower but could have been worse were it not for brokers.