Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

Mortgage Broker Jobs Contract

Mortgage Broker Jobs Contract266,600 people in mortgage jobs during May

July 2, 2009

By staff

The number of people employed by mortgage bankers and servicers increased in the latest monthly employment report from the government. But the increase was not enough to offset mortgage broker job losses.

The Bureau of Labor Statistics reported today that 266,600 people were employed in mortgage positions during May.

The bureau, a division of the U.S. Department of Labor, usually reports employment statistics on the first Friday of each month but reported the data early due to the fourth of July holiday.

Mortgage jobs fell from a revised 267,200 in April, the bureau said. A year earlier, there were a revised 314,700 people in mortgage-related positions.

May’s decline was driven by a drop in the number of “mortgage and nonmortgage loan brokers,” which fell to 71,000 from 74,500 in April.

Partially offsetting broker job losses was an increase to 195,600 “real estate credit” positions in May from the previous month’s 192,700.

Overall nonfarm employment slid 467,000 jobs, pushing the U.S. unemployment rate to 9.5 percent in June from 9.4 percent in May.

next storyback to current headlines


Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...