Mortgage Employment Expands Despite Broker Drop
After sinking to the lowest level since the turn of the century, unemployment rose as the labor participation improved. Despite a drop in broker count, non-bank mortgage employment grew.
Broker Jobs Off Despite Rise in Mortgage Headcount
New government data indicate U.S. employment was strong last month. In the mortgage industry, overall staffing expanded even though broker count fell.
Branded Mobile App for Mortgage Brokers
Mortgage brokers can now have their own branded application for mobile devices without having to make technology investments.
Non-Bank Mortgage Jobs Contract, US Jobs Data Weak
Monthly non-bank mortgage staffing -- including mortgage brokers -- contracted, while jobs data for all industries was weak. But the nation's unemployment rate fell to the lowest level since the turn of the century.
Mortgage Jobs Expand, Bond Yields Decline
Not only did the number of non-bank mortgage jobs expand on a monthly basis, but a weak overall jobs report has bond yields -- and potential home loan rates -- lower today.
Worst Wholesale Mortgage Lenders
A ranking of wholesale mortgage lenders has the likes of Freedom Mortgage Corp. and Stearns Lending LLC listed among the worst wholesalers.
Mortgage Staffing Slashed Amid Strong Jobs Report
A strong employment report has already driven up interest rates. Despite the strength, the number of non-bank mortgages jobs, including mortgage brokers, declined by nearly 4,000 positions.
Prison for Mortgage Broker
A former Texas mortgage broker has received a prison sentence for his role in deceiving wholesale lenders on more than a dozen transactions.
Mortgage Broker Group Launches
A new trade group was launched for mortgage brokers with plans to bolster wholesale market share. Over a thousand people joined the first morning. The group's inaugural convention takes place in Sin City.
Originations Fall, Servicing Grows at PennyMac
Home-lending activity slowed at PennyMac Financial Services Inc. But the company reported growth in both its servicing and staffing.