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.

Surprise Increase in Mortgage Jobs

247,700 mortgage jobs in July

Sept. 3, 2010

By staff

Record low rates appear to be having a positive impact on mortgage employment, with much of the growth happening on the East Coast. But mortgage broker jobs didn't fare so well.

The number of mortgage jobs was up by 2,300 positions in July, according to data released Friday by the Bureau of Labor Statistics.

Headcount in the real estate finance sector climbed to 246,700 employees from June's revised 244,400. The bureau, a division of the U.S. Department of Labor, said there were a revised 264,400 people working in mortgage-related jobs a year earlier.

July's strength was in "real estate credit" positions, which the bureau said climbed to 189,900 from 187,100 the previous month.

Much of July's expansion appears concentrated in the East.

ServiceLink reported in August the addition of 150 people in Virginia during the prior 18 months. Zenta Mortgage Services said last month that it has hired more than 350 North Carolina employees since late 2009. Digital Risk LLC added 100 Florida employees since May, while Kislak is in the process of adding 150 Florida jobs.

But growth is also occurring further west.

In Texas, United Tech Lender Services Inc. said in June that nearly half of the 100 employees it planned to hire over the next year would be immediately recruited, while some of the 600 Oregon jobs that are expected to be added by Wilshire Credit Corp. were expected to occur in July.

But "mortgage and nonmortgage loan brokers" saw their numbers decline to 56,800 from June's 57,300, today's report indicated.

U.S. nonfarm payroll employment nudged down 54,000 jobs in August, according to the data. As 114,000 temporary census employees came off of government payrolls, government employment declined. But private-sector jobs expanded by 67,000.

Unemployment was unchanged from July at 9.6 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