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Last Updated March 21, 2017 12:58 PM Central


Mortgage Servicers Swing to Profit on MSR Gains
Earnings at independent servicers of residential loans swung to a profit in the final quarter of last year. Behind the improvement were gains on mortgage servicing rights.

Secondary Gains Hurt Mortgage Production Income
Earnings at independent mortgage banking firms plummeted more than 50 basis points on a quarter-over-quarter basis. Secondary marketing gains and expenses hurt income.

Finance of America Funds Over $18 Billion in 2016
More than $18 billion was originated in 2016 by Finance of America Holdings LLC. The mortgage servicing portfolio exceeded $4 billion as of year end.

PHH NY Layoffs Reach 240
A new round of layoffs disclosed by PHH Mortgage Corp. brings to 240 the number of layoffs recently announced for the Empire State.

Few Mass Mortgage Layoffs
Despite a projected drop in home-lending activity this year, there have been few mass layoffs so far in the industry. Two bank mergers will result in job cuts.

Over 100 Layoffs at Banc of California
As the sale of Banc of California Inc.'s mortgage business approaches, the financial institution has disclosed plans to layoff more than a hundred employees.

Walter Slashes Servicing, Swings to Profit
Losses turned to profits during the last quarter of 2016 at Walter Investment Management Corp. The mortgage servicing portfolio significantly declined.

Brokers Pull Down Mortgage Employment
A month-over-month decline in the number of people working in real estate finance was the result of a drop in staffing at the nation's mortgage brokers.

Best Mortgage Employers 2017
The latest ranking of the country's 100 best organizations to hold a job at reflected six mortgage-related businesses, including the third-largest lender.

Home Lenders Tout Purchase Financing Volume
Several residential lenders have recently issued reports about the level of production they have generated. In addition to touting overall record activity, some focused on their robust financing of home purchases.


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Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.


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Mortgage Recruiting Newsletter
Tips about attracting and retaining top mortgage talent.
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Average Originator Stays With Same Employer Several Years
Loan originators tend to be a loyal bunch, with the average originator having been at the same employer for several years, according to the 2012 Loan Originator Survey.
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Loan Originator Income
Nearly 60 percent of the originators who participated in the 2012 Loan Originator Survey indicated they earn at least $100,000 annually.
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2013 Finance Employment Outlook
The 2013 Finance Employment Outlook from Monster looks at the future for employment in mortgage lending and other financial industry jobs. Mortgage Daily Publisher Sam Garcia is quoted in the report.
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Mortgage Employment Index
Analysis of mortgage layoffs and hirings by state and by company from 2006 to present.
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Mortgage Employment Statistics



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