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 Jobs Tumble

262,100 people working in mortgage lending during January

March 9, 2012

By staff

While U.S. employment posted its third consecutive monthly gain of at least 200,000 jobs, the news wasn't so good for the mortgage industry. Mortgage brokers took the biggest hit.

The government reported Friday that the number of people who worked in real estate finance came in at 262,100 during January.

Mortgage staffing declined from 265,300 employees in December, according to the figures released Friday by the Bureau of Labor Statistics.

Helping to reduce January's industry headcount was MetLife Home Loans, which that same month said it would shut down in a move that will ultimately impact around 4,300 people; and Bank of America Corp., which disclosed in September 2011 plans to eliminate 30,000 jobs over the next few years.

However, the bureau has regularly been making significant upward revisions to its mortgage employment data, and it's possible that January's loss could turn into a gain as the numbers are adjusted in subsequent reports.

The drop in mortgages jobs was even more stark when compared to January 2011, when industry headcount was a revised 272,400. Mortgage employment for a year earlier was originally reported at 249,400.

Jobs in "real estate credit" declined to 208,000 from 209,200 in the final month of last year.

"Mortgage and nonmortgage loan brokers" fell to 54,100 in January from 56,100.

The bureau, which is a division of the Department of Labor, said that among all U.S. industries, nonfarm payroll employment grew by a healthy 227,000 during February.

It was the third consecutive month that at least 200,000 U.S. jobs were added.

There was no change in the U.S. unemployment rate from January, with February's rate at 8.3 percent.

next story

back to current headlines

Mortgage Broker News | Originator Newsletter
Stories about mortgage brokering and broker programs. Profiles of successful mortgage brokers. Articles about mortgage brokers who excel at other activities. Broker lawsuits and criminal broker activity.

Logout forgot

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