twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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 Employment Sinks

Mortgage jobs down 5,900 in January

March 6, 2015

By Mortgage Daily staff



The first month of the new year brought with it disappointing news about mortgage employment. Jobs data for other industries, however, was more optimistic.

U.S. employers in all industries added 295,000 nonfarm payroll jobs in February, according to data released Friday by the Bureau of Labor Statistics.

National jobs added soared from the previous month, when nonfarm employment expanded by 239,000. January's total was revised down from 257,000 originally reported.

Nonfarm payrolls expanded by 222,000 in February 2014. The year-earlier number was originally reported at 175,000.

The BLS reported U.S. unemployment at 5.5 percent, down from 5.7 percent a month earlier and 6.7 percent a year earlier.

Word of the solid employment numbers sent bond yields higher, with the price of the 10-year Treasury note tumbling 23/32 in early trading. Bond yields rise when prices fall.

In just the mortgage sector, which is reported on a one-month lag, non-bank mortgage jobs totaled 282,200 during January.

Mortgage employment tumbled from December, when the total was 288,100.

Still, lenders have bolstered their payrolls since January 2014, when there were 279,800 non-bank mortgage jobs.

January 2015's total included 209,600 "real estate credit" jobs, falling from 212,900 the prior month and 209,700 in January 2014. The year-earlier number was originally reported at 214,000.

"Mortgage and nonmortgage loan brokers" accounted for 72,600 of the latest mortgage total, fewer than the 75,200 in December 2014. But broker count has grown from 70,100 in January 2014. The year-earlier figure was originally reported at 71,700.

Mortgage Daily's analysis of mortgage market share statistics and BLS data indicates that the number of total mortgage jobs -- including positions at banks, credit unions and non-bank lenders -- was approximately 627,000 as of January 2015, tumbling from a revised 640,100 the previous month.

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.


Logout forgot
password?

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

MBS

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