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.

Broker Employment Edges Up

355,500 mortgage employees during June

Aug. 1, 2008

By Mortgage Daily staff

Mortgage employment eased in June, but the number of brokers actually edged higher.

The Bureau of Labor Statistics today reported that 355,500 people worked in mortgage-related jobs during June. Employment in the sector fell from a revised 358,000 in May and 441,500 during June 2007.

Included in the latest figures were 243,100 "real estate credit" employees, which fell from 245,800 in May. "Mortgage and nonmortgage loan brokers" accounted for 112,400, increasing from 112,200 jobs the prior month.

Impacting June's numbers were 251 mortgage-banking job cuts during the second quarter reported by National City Corp.; a second-quarter reduction of 171 mortgage sales jobs disclosed in First Horizon National Corp. earnings report; a headcount reduction of 50 employees at Lend America during the second quarter; Saxon Mortgage Co.'s termination of 50 Texas employees; and 250 layoffs at Quicken Loans Inc.

Some mortgage layoffs were included in the elimination of 1,200 jobs at Washington Mutual Inc., and an undisclosed number of employees were affected by the reorganization of Accredited Home Lenders Inc. In addition, the shut down of Wilmington Finance Inc. impacted 335 employees, while 118 employees were laid off as a result of the closing of an Illinois regional office at Freddie Mac.

During July, U.S. unemployment rose to 5.7 percent, climbing from 5.5 percent in June, according to today's report from the bureau, which is a division of the U.S. Department of Labor. The civilian labor force "was little changed in July," at 154.6 million.

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.

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