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Mortgage Jobs Increase in 2009
Following three straight years of mortgage job losses, mortgage employment in the U.S. may be taking an uphill turn.
Read More... Tuesday, February 16, 2010
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ResCap to Eliminate More Than 300 Jobs
Employees at Residential Capital, the real estate lending arm of GMAC, have been informed that the company plans to eliminate over 300 jobs at California and North Carolina locations.
Read More... Thursday, February 04, 2010
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Expert Group, Inc. Secures 10 New Loan Officers
In an ongoing effort to brand Expert Financing as the go to firm for all your Real Estate lending needs, the company has added 10 new loan officers to its staff.
Read More... Monday, November 16, 2009
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J.P. Morgan Chase Plans to Hire 1,200 New Loan Officers
J.P. Morgan Chase & Co. announced its plans to hire 1,200 new loan officers by the end of 2010 in an effort to as the bank moves to increase its home loan sector.
Read More... Wednesday, November 11, 2009
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East Coast Lender Moves West, Creates Jobs
A growing east coast mortgage lender, InterContinental Capital Group, is looking to move westward to boost the struggling Arizona housing market.
Read More... Thursday, October 08, 2009
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Wachovia/Wells Fargo Shedding 70 North Carolina Jobs
The Wachovia/Wells Fargo operations center in Wilkesboro, NC is shedding nearly 70 jobs, according to company officials.
Read More... Thursday, September 24, 2009
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JP Morgan Chase Adds 250 New Jobs
JPMorgan Chase & Co. is adding 250 mortgage jobs at the company's mortgage records center in Monroe Air Industrial Park in Louisiana.
Read More... Monday, July 27, 2009
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Mortgage Industry Increases Employment In May

The number of people employed by mortgage bankers and servicers increased in the latest employment report for the month of May from the Bureau of Labor and Statistics (BLS).
Click "read more" for a detailed breakdown of monthly employment in the mortgage industry.
Read More... Thursday, July 02, 2009
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United Guaranty Cuts Jobs
The Greensboro, North Carolina-based mortgage insurance provider is slashing approximately 15 % of their worldwide workforce.
Read More... Wednesday, June 24, 2009
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ResCap Hiring Hundreds More to Deal With Refinances
Despite a February warning that the mortgage unit could fall into bankruptcy, GMAC, LLC has more than doubled the expected number of hires at Residential Capital, LLC as a result of a wide resurgence in demands for refinancing.
Read More... Thursday, April 16, 2009
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Quicken Loans Looking to Hire 150 Mortgage Bankers
Considered among the “Best Places to Work,” Quicken Loans is looking to hire 150 mortgage bankers to work at its headquarters and elsewhere in the nation.
Read More... Monday, April 13, 2009
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Mortgage Industry Sheds Another 8,000 Jobs
The mortgage industry dropped another 8,000 full-time positions in January as the number of brokers fell to the lowest level since 2001 and the number of people working in "real estate credit" fell below the 200,000 mark for the first time ever in data reported by the Bureau of Labor and Statistics (BLS) dating back to 1999.
Click "read more" for a detailed breakdown of monthly employment in the mortgage industry.
Read More... Monday, March 09, 2009
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HSBC Shutters U.S. Consumer Lending, Slashes 6,100 Jobs
Hammered by losses in its North American operations, HSBC Finance Corp. announced it was shutting down most of its U.S. consumer lending business, a decision that will eliminate 6,100 jobs.
Read More... Tuesday, March 03, 2009
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JPMorgan Eliminates 12,000 Jobs As Mortgage Ops Reduced
Last week, JPMorgan Chase & Co. announced an additional 2,800 job cuts beyond the 9,200 layoffs announced in December. The new job eliminations largely will target mortgage-related positions at Washington Mutual as the bank scales back operations.
Read More... Monday, March 02, 2009
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BoA To Formally End Countrywide Era, Add Mortgage Jobs
Bank of America said it plans to eliminate the brand name of Countrywide - nearly synonymous with the subprime crisis and deceptive lending in the public imagination - by the end of April, although BoA chief executive Ken Lewis recently said the lender is on fire, in a positive sense.
Despite remaining on track to eliminate 7,500 Countrywide positions, the bank said it expects to create hundreds of new loan production jobs.
Read More... Monday, February 23, 2009
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Annual Mortgage Employment Down 105,600 From 2007
Using a methodology more aligned with reality, the Obama administration downwardly revised Novembers mortgage employment from the Bush administration statistics by 52,800 jobs. Despite the massive revision, there was still a sizeable loss of jobs in the final weeks of 2008.
Read More... Monday, February 09, 2009
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Fannie Mae Lays Off Hundreds, But Expects More Hirings
Government-run Fannie Mae said it has eliminated several hundred jobs in targeted units at its Washington headquarters, but plans to increase staffing in areas such as foreclosure prevention and loss mitigation in an effort to deal with the changing mortgage environment.
Read More... Monday, January 26, 2009
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Sovereign Cuts 8.3% of Workforce as Holidays Approach
Amid a takeover by Spain-based Banco Santander SA, Sovereign Bancorp Inc. announced plans to eliminate the jobs of 1,000 employees in the coming weeks as part of an effort to cut costs.
Read More... Monday, December 22, 2008
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HSBC Halts Apps at Retail Subsidiary, Eliminates 155 Jobs
HSBC Finance Corp. has conceded that Solstice Capital, their retail lending sector, has halted all originations and will terminate an additional 155 jobs in pursuit of a streamline approach to their current operations.
Read More... Monday, December 15, 2008
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BofA Announces Plans to Cut 35,000 Jobs After Merrill Merger
After completing the acquisition of Merrill Lynch & Co., Bank of America Corp. expects to slash roughly 11% of the 308,000 employees that will comprise its combined workforce, bringing waves of layoffs over the next three years.
Read More... Friday, December 12, 2008
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