It was the worst quarter since before the financial crisis for mortgage employment, which declined by more than 15,000 jobs. Even bigger losses are ahead.
With more than 17,000 layoffs and fewer than 2,500 hirings, the number of mortgage jobs contracted by 15,282 in the three months ended Sept. 30, according to Mortgage Daily\’s Third Quarter 2013 Mortgage Employment Index.
The index reflects data collected from employers as well as from state employment agencies, public filings and news announcements and reports.
It was the worst quarter since 2007 — a year that saw net loss of 88,817 jobs.
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via Over 15,000 Mortgage Jobs Lost in Third Quarter – Press Release – Digital Journal.
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