Mortgage Employment Improves
Jobs in the real estate finance sector improved.
During May, 357,800 people were employed in mortgage-related jobs, data released today from the Bureau of Labor Statistics indicate.
Mortgage employment rose from a revised 356,300 in April.
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Wholesale Operation Re-Emerges
A significant portion of National City's former wholesale lending unit has been acquired and launched as part a new California-based company. More than 400 employees have found jobs at the new lender.
FHA Lender Growing, Hiring
Fueled by growth in government originations, a New York company has added more than 100 employees this year and forecasts continued growth.
BoA, Countrywide Merger to Result in Massive Layoffs
Bank of America Corp.'s acquisition of Countrywide Financial Corp. will result in more than 7,000 layoffs. But even after the reduction, the combined company will employ more than 250,000 people.
HSBC Reports Layoffs
Nearly 50 mortgage jobs will be eliminated at HSBC Mortgage Services.
Morgan Stanley Mortgage Unit Cuts Jobs
Morgan Stanley & Co. Inc.'s mortgage unit laid off employees in Texas.
Servicer Hiring
A massive servicing portfolio acquisition has created job opportunities.
Office Closings, Layoffs at ResCap
Residential Capital LLC is closing three offices and laying off employees. More than 5,000 employees have been impacted by cutbacks at the company since last year.
Quicken Reduces Headcount
Quicken Loans Inc. has cut hundreds of mortgage jobs.
Mortgage Meltdown Permanently Changes Calif.
A new study from the University of California Los Angeles indicates mortgage employment in Orange County -- ground zero of the mortgage meltdown -- will never fully recover.
