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Mortgage Sector Loses 1,000 Jobs

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...

By Staff Writer | Updated on November 18, 2003

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.

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