|
|
|
|
Complete list of specialty news sections.
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
|
Mortgage Broker Jobs Contract
266,600 people in mortgage jobs during May
July 2, 2009
By MortgageDaily.com staff
|
|
The number of people employed by mortgage bankers and servicers increased in the latest monthly employment report from the government. But the increase was not enough to offset mortgage broker job losses.
The Bureau of Labor Statistics reported today that 266,600 people were employed in mortgage positions during May.
The bureau, a division of the U.S. Department of Labor, usually reports employment statistics on the first Friday of each month but reported the data early due to the fourth of July holiday.
Mortgage jobs fell from a revised 267,200 in April, the bureau said. A year earlier, there were a revised 314,700 people in mortgage-related positions.
May's decline was driven by a drop in the number of "mortgage and nonmortgage loan brokers," which fell to 71,000 from 74,500 in April.
Partially offsetting broker job losses was an increase to 195,600 "real estate credit" positions in May from the previous month's 192,700.
Overall nonfarm employment slid 467,000 jobs, pushing the U.S. unemployment rate to 9.5 percent in June from 9.4 percent in May. |
|
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.
|
|
|