Compared to a year earlier, employment in the mortgage industry has expanded. But as quarter-over-quarter headcount was down, some signs point to an increase in layoffs for the sector.
At the conclusion of the first quarter, an estimated 723,900 people worked in real estate finance. The estimate was based on an analysis of Bureau of Labor Statistics data and origination market share.
Estimated industry staffing consisted of 312,400 mortgage jobs at banks, 78,100 home-lending positions at credit unions, and 333,300 non-bank employees at mortgage banking firms.
Source: Mortgage Daily