Mortgage Employment Down
The number of people employed in mortgage-related jobs fell by 1,000 to 422,000, according to a recent government employment report.
E-LOAN, Wells Announce Layoffs
A forecast of falling refinances led an online lender to join a growing list of companies that have recently announced mortgage job cuts.
Former, Current CA Employees Sue WaMu over Job Expenses
A current and a former employee are among the initial plaintiffs in a lawsuit that seeks class action status against two Washington Mutual subsidiaries.
WaMu to Layoff Thousands
Following some of the best times ever for the mortgage industry, 4,000 layoffs are in sight at a behemoth west coast thrift.
Mortgage Employment Sector Off
The number of people reported as employed in mortgage-related positions was down slightly in August.
July Mortgage Employment Up Slightly
While the government reports that the number of Americans working in the mortgage industry increased, this employment sector is beginning to show signs of contraction.
Online Lenders Confirm Layoffs
Market conditions and rising interest rates have resulted in layoffs at two Internet mortgage brokerage companies, E*Trade and DiTech.
Capitol Commerce Collapses
Capitol Commerce Mortgage shut down Friday, stunning employees and brokers who were counting on loan closings.
Financial Sector Continues Its Employment Growth
The financial sector continued to add jobs in July.
Unemployment Climbs in June But Financial Sector Adds Jobs
The "financial activities" sector of the nation's workers continues to show growth, employing 68,000 new workers during June, even as unemployment overall hit 6.4 percent, according to the Bureau of Labor Statistics. The numbers represent non-seasonally adjusted totals.
Bureau of Labor Statistics Changes Mortgage Employment Reporting
Mortgage brokers will no longer be counted as a separate occupation in the government's monthly employment reports.
Mortgage Employment Edges Up
Mortgage industry numbers stayed level in April, according to the Bureau of Labor Statistics.
Monument Mortgage Minimizes Manpower
Monument Mortgage, Inc. has substantially reduced its operations as two board members have resigned.
Mortgage Jobs Jump by 8,000
The approaching war with Iraq at least is good for one thing -- low mortgage rates. That in turn means more mortgage jobs -- 8,000 more from January to February -- while jobs in general are getting cut.
Rates, refis, and the overall mortgage industry aren't the only things that rolled into 2003 at high speed -- broker and banker jobs didn't show signs of slowing down in January, either. Experts say other factors will have to play in for this to be a trend and not a blip on the flat economic radar.
Principal Mortgage to Layoff 500
Principal Financial Group announced Wednesday that it will phase out its traditional residential mortgage loan operation by Feb. 28, laying off about 500 employees in 78 branch offices.
407,000 Employed in Mortgage Lending
The mortgage industry continues to provide an increasing number of jobs in a time when general unemployment is high.