twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Mortgage Job Losses

253,400 mortgage jobs in December

Feb. 5, 2010

By staff

Mortgage firms trimmed 2,000 positions during December.

The Bureau of Labor Statistics today reported that there were 253,400 mortgage jobs as of Dec. 31, 2009. Employment in real estate finance fell from a revised 255,400 in November.

During December 2008, mortgage employment stood at a revised 280,800.

Employees in "real estate credit" accounted for 190,300 of December's total, down from 192,000 the prior month. "Mortgage and nonmortgage loan brokers" eased to 63,100 from 63,400.

Companies that reported a reduction in mortgage headcount during the fourth quarter included the PNC Financial Services Group Inc., where the number of mortgage jobs was reduced by 339; Flagstar Bancorp Inc., which cut 100 originator and account executive positions; and MetLife Home Loans, which said mortgage headcount dropped by 93.

In addition, around 45 Charlotte, N.C., jobs were eliminated in December at Residential Capital LLC, while 160 employees were impacted by the closing of Dynamic Capital Mortgage in Brookline, Mass.

Overall U.S. employment was down a nominal 20,000 jobs during January, according to the Bureau -- which is a division of the U.S. Department of Labor. The decline was better than market watchers had been predicting.

Meanwhile, U.S. unemployment fell to 9.7 percent in January from 10.0 percent the prior month.

next story

back to current headlines

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders