Mortgage Daily Logo

Mortgage Jobs Increase

Mortgage News

The latest reading on jobs in the mortgage industry indicates a month-over-month expansion, though headcount was off from a year earlier. U.S. unemployment, meanwhile, fell.

U.S. employers added 252,000 nonfarm jobs in December, according to data released Friday from the Bureau of Labor Statistics.

Job growth tumbled from a revised 353,000 during the previous month.
The November figure was originally reported at 321,000.

The bureau, a division of the U.S. Department of Labor, previously reported that 74,000 jobs were added in December 2013.

The
unemployment rate tumbled to 5.6 percent from 5.8 percent in November and was also better than 6.7 percent a year earlier.

Non-bank mortgage employment, which is reported on a one-month lag, was
293,200 as of November, according to the BLS.

Mortgage jobs expanded from 289,400 in October. The prior-month figure was originally reported at
289,200.

In November 2013, there were
294,500 non-bank mortgage jobs. The year-earlier number was revised up from 280,600 in the initial report.

The November 2014 mortgage total reflected 217,800 “real estate credit” jobs, more than the 216,100 a month earlier but off from a revised 219,800 a year earlier.

Also included in the latest month were
75,400 “mortgage and nonmortgage loan brokers.” This category grew from 73,300 in October and a revised 74,700 in December 2013.

Based on an analysis of market share data and the BLS report, Mortgage Daily estimates that total mortgage industry employment — including mortgage jobs at banks and credit unions — was 651,471 in November, increasing from 643,028 the previous month.

Related Posts

Centex Home Equity Announces Name and Brand Change to National Mortgage, LLC

Third-Quarter 2012 Mortgage Litigation Index

Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County, Richland County, South...

Centex Home Equity Announces Name and Brand Change to National Mortgage, LLC

Whistleblower Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Bank of...

Centex Home Equity Announces Name and Brand Change to National Mortgage, LLC

Net Branch Lawsuits

Litigation involving net branch operations. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term "branch office" includes not only...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming paperwork has been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and furniture need to...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand-new mortgage loan can be a difficult task, especially for first-time homeowners.   After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first...

Newsletter

Don’t worry, we don’t spam