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.

US Jobs Report Weak, Mortgage Sector Revised Up

Non-bank mortgage industry headcount up 100 jobs in December 

Feb. 5, 2016

By Mortgage Daily staff

Although the number of jobs added in all American industries weakened last month, the government revised up its estimate of non-mortgage jobs for each month of last year.

U.S. employers added 151,000 jobs during January -- the lowest number since September 2015 -- according to a report released Friday by the Bureau of Labor Statistics.

Job growth sank compared to the final month of last year, when 262,000 positions were added, and the first month of last year, a month that saw growth of 221,000 new jobs.

"Turbulence in the stock market and fears for the prospects of global growth are likely taking a toll, but the overall picture is one of a labor market that is drawing near to full employment," National Association of Federal Credit Unions Chief Economist Curt Long said in a statement. "While nominal wage growth is still slightly below historical norms, it is still outpacing inflation by a decent margin. Moreover, we have seen meaningful improvements in the participation rate over the past six months which suggests that more sidelined workers are being brought back into the labor pool."

One good bit of data from the employment report was that the unemployment rate fell to 4.9 percent -- the lowest rate since February 2008.

Unemployment was 5.0 percent in December 2015 and 5.7 percent in January 2015.

In just the mortgage industry, which the BLS reports on a one-month lag, there were 301,400 non-bank jobs as of December.

Mortgage employment inched up from 301,300 in November. The prior-month number was revised up from 298,600 originally reported.

In fact, the total for every month of 2015 was revised higher in the most-recent report.

In December 2014, the mortgage jobs total was 289,100, revised up from 288,100 originally reported.

The most-recent mortgage total included 220,800 jobs classified as "real estate credit," fewer than 221,300 as of November.

Another 80,600 "mortgage and non-mortgage loan brokers" were reflected in the December 2015 total, more than 80,000 a month earlier.

Utilizing the BLS data, as well as origination market share data, Mortgage Daily estimates that total mortgage industry employment -- including jobs at financial institutions -- came to 648,000 in the final month of last year.

Mortgage jobs slipped from an estimated 647,800 in November.

But the sector gained from December 2014, when the estimated total was 643,600.

The December 2015 mortgage total was comprised of 286,200 home lending employees at banks, 60,400 positions at credit unions and the 301,400 non-bank jobs reported by the BLS.

next story

back to current headline

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