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 Strengthen

Mortgage employment at 265,300 in February

April 6, 2012

By staff

The number of people working in real estate finance grew on a monthly basis, and a disappointing report on the total number of U.S. jobs could increase pressure for the mortgage sector to add more jobs. In addition, home lending jobs for a year earlier were revised up by nearly 25,000 positions.

Industry-wide headcount in mortgage lending was 265,300 during the month of February.

Mortgage staffing expanded from a 262,100 jobs in January.

Helping to fuel the growth were companies like Digital Risk, which is adding a thousand employees this year; Quicken Loans Inc., which earlier this year said it was recruiting 500 interns and 300 "technology all stars;" and ServiceLink, where nearly 500 employees in Pennsylvania had been hired so far this year as of mid-March.

Also impacting mortgage job growth was Wingspan Portfolio Advisors, which has quadrupled its headcount over the past 12 months and added 300 jobs just between February and March; Adecco Staffing US, where a recruiting campaign is ongoing for 400 people at large national banks, nationwide mortgage companies and local finance companies; and JPMorgan Chase & Co., which is recruiting 165 California loan officers.

In February 2011, there were a revised 272,800 people working in a job tied to home loans, according to the Bureau of Labor Statistics -- which originally reported the number at just 248,000.

February 2012's mortgage headcount included 210,300 people working in "real estate credit" positions, rising from the previous month's 208,000.

The number of "mortgage and nonmortgage loan brokers" was up to 55,000 from January's 54,100.

Nonfarm payroll employment grew by 120,000 jobs in March for all U.S. industries, a disappointment given the more than 200,000 jobs added each of the prior three months.

The lackluster growth is likely to place downward pressure on interest rates and help spur refinancing activity -- potentially increasing demand for production employees. In early morning trading, the price of the 10-year Treasury note was up a whopping 28/32. Treasury yields fall when Treasury prices rise.

The weakening U.S. growth also dampens the economic environment, putting upward pressure on delinquency and the need to maintain servicing staffing.

U.S. unemployment was lower, falling to 8.2 percent last month from 8.3 percent in February. But the decline, some speculate, could be the result of some job seekers giving up on a job search.

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.

Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.

Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.

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