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Mortgage Jobs Hold Steady in July Data.(Special Report)(Brief article)

Mortgage Servicing News

| October 01, 2008 | COPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Washington-Not a week goes by without some company announcing job cuts from its home loan business, but despite the grim news from many big companies, mortgage industry employment has been relatively stable in recent months, according to data from the Bureau of Labor Statistics.

Sure, lenders trimmed mortgage employment by 2,100 full time jobs in July, and the total tally of industry employment has remained below 360,000 jobs since April, when it fell below that threshold for the first time in six years.

But at 356,000 jobs, the July mortgage employment total was still near its April level. But that doesn't mean that it's a good time to be seeking a job in the ...

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