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 Down Despite Bump in Broker Staffing

234,500 people working in real estate finance during September

Nov. 4, 2011

By staff

An increase in mortgage broker jobs was not enough to offset a decline in headcount at mortgage banking firms. Across all U.S. industries, employment managed a meager expansion. But U.S. unemployment was lower.

A report Friday from the Department of Labor put the number of people working in the mortgage industry at 234,500 during September.

Headcount in the sector was off from a revised 234,800 mortgage jobs during August, according to the report, which is distributed by the department's Bureau of Labor Statistics. However, the number was actually up from the 234,400 jobs originally reported.

In September 2010, the revised total was 260,100 people working in real estate finance. The year-prior headcount was originally reported at just 246,400.

The most recent figures included 186,100 people in "real estate credit." The total eased from 187,100 in August.

The outlook for "real estate credit" staffing is mixed given that servicing jobs have already been beefed up to cope with elevated delinquencies and foreclosures. Delinquency has recently stabilized, likely curbing demand for further staff expansion.

But refinances remain strong and could prompt growth in production jobs, though cutbacks at Bank of America Corp. and Wells Fargo & Co. -- the nation's two largest mortgage lenders -- could offset such hirings.

"Mortgage and nonmortgage loan brokers" represented 48,400 of September's total, higher than the previous month's 47,700.

The country as a whole didn't fare so well, adding just 80,000 nonfarm jobs in October versus the 103,000 jobs added a month earlier.

But U.S. unemployment was lower last month, falling to 9.0 percent from 9.1 percent in September.

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.

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