From July 1, 2008, to Sept. 30, 2008, MortgageDaily.com tracked 10,131 U.S. mortgage layoffs and 996 mortgage hirings. The net job losses of 9,135 tumbled from losses of 49,451 during the third-quarter 2007. Still, job losses nearly doubled from the second quarter's net job losses of 4,578.
Discuss Add this link to... Tell a friendBury Add to:
| Bookmarks
Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
Comments