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Mortgage Employment Hits Record.(Brief Article)
Washington -- Employment in the overall mortgage industry hit a record 489,400 full-time positions in January but broker jobs appear to be slipping.
According to figures compiled by the Bureau of Labor Statistics, the number of real estate credit employees reached a record 366,300, but mortgage and non-mortgage broker jobs came in at 123,100 positions, the lowest reading since September of last year.
Added together, real estate credit employees and mortgage and non-mortgage brokers account for total industry employment.
In 2004, mortgage lenders funded $2.7 trillion in loans, the industry's second-best year ever, but a 30% decline from the record year of 2003.
Employment in the industry is expected to remain strong as long as mortgage rates do not rise ...
- Broker Positions May Be Slipping.
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Source: HighBeam Research, Mortgage Employment Hits Record.(Brief Article)