twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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 Lending Employment Expands

Industry adds 2,700 jobs in June

Aug. 2, 2013

By Mortgage Daily staff

Monthly employment in the mortgage business expanded and has grown by 9 percent over the past year. The job market for all U.S. industries also improved.

Preliminary government data indicate that 295,800 people were employed in the mortgage industry during June.

Mortgage staffing improved from a month earlier, with revised data indicating that 293,100 employees worked in real estate finance during May.

Historical data from the Bureau of Labor Statistics, which provides the numbers, indicates that the total was 272,400 in the same month last year.

Guaranteed Rate Inc., where 230 positions were added in the fourth quarter; PrimeLending, which reported a 161 gain in staffing during the first quarter; and Freedom Mortgage Corp., which said it increased headcount by 186 people from the end of last year through June.

Also impacting June's numbers were Fairway Independent Mortgage Corp., where headcount increased by 85 employees during the second quarter; and Real Estate Mortgage Network Inc., where 49 jobs were added during the three months ended June 30.

The bureau, a division of the Department of Labor, reported that the number of employees classified as "real estate credit" accounted for the 216,000 of the latest numbers, up from 214,000 a month earlier and 202,300 a year earlier.

The number of "mortgage and non-mortgage loan brokers" rose to 79,800 from 79,100 in May and 70,100 in June 2012.

The bureau reported that nonfarm payroll employment across all U.S. industries increased by 162,000 in July, not as robust as the 195,000 jobs added in June.

Still, the gain was far from dismal and is unlikely to have a great impact on mortgage rates.

The rate of U.S. unemployment, meanwhile, fell to 7.4 percent from 7.6 percent -- a development that will place upward pressure on rates.

next story

back to current headline



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
password?

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

MBS

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