WASHINGTON – Flattening refinancing activity may be taking a toll on employment in the mortgage sector. The latest numbers from the Bureau of Labor Statistics showed the number of people employed in mortgage-related jobs fell by 1,000 to 422,000. The numbers showed there were 109,500 loan brokers, both mortgage and non-mortgage, as of September. The non-seasonally adjusted figure is down from 113,000 in August. The number of people working in the Real Estate Credit sector was 312,500, up from 310,000 in August.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.