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 Expand as U.S. Unemployment Improves

236,500 people working in mortgage lending during October

Dec. 2, 2011

By staff

Growth in staffing at mortgage brokers overcame a small decline at mortgage bankers and pushed overall employment in the real estate finance sector higher. The bigger news, however, was the U.S. unemployment rate -- which sank to its lowest level in more than two-and-a-half years.

The mortgage industry employed 236,500 people during the month of October, though the government employment data is likely to be revised multiple times over the next 12 months.

Industry-wide headcount grew from a revised 235,000 during September, according to the Bureau of Labor Statistics. September mortgage jobs were previously reported at 234,500.

The bureau, a division of the Department of Labor, reported a revised 262,100 people working in the mortgage industry during October 2010. The year-earlier figure was originally reported at 247,700.

Employment in "real estate credit" was 186,300, slipping from September's 186,600.

"Mortgage and nonmortgage loan brokers," meanwhile, saw their staffing levels climb to 50,200 from 48,400.

Unemployment across all industries tumbled to 8.6 percent during November from 9.0 percent in October. It was the second month in a row the unemployment fell.

The last time U.S. unemployment level was this low was in March 2009, when it also stood at 8.6 percent. Unemployment peaked at 10.1 percent in October 2009.

The improvement in unemployment came as total nonfarm payrolls climbed by 120,000 jobs.

While lower unemployment is a good sign for the economy, it also places upward pressure on interest rates. In early trading, the price of the 10-year Treasury note was down 5/32. Treasury prices move inversely to Treasury yields.

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