The number of people working in the mortgage business moved down on a quarterly basis. Hiring activity has significantly slowed, and the contraction is likely to continue.

An estimated 655,600 people were employed in the mortgage industry as of June 30, 2017. The estimate was based on a Mortgage Daily analysis of Bureau of Labor Statistics data and origination market share.

Included in the estimated total were 250,300 mortgage jobs at banks, 64,000 home-lending jobs at credit unions and 341,300 non-bank mortgage jobs reported by the BLS.

Source: Mortgage Daily