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News Headlines - mortgage employment

Nonbank mortgage employment picked up in August, but will it last?
National Mortgage News
Nonbank mortgage employment increased in August and July's dip was less than originally estimated, according to the Bureau of Labor Statistics. Nondepository mortgage lenders and brokers added 1,500 employees to their payrolls in August, bringing total ...


Tired of Dead-End Jobs and Graveyard Shifts?
She was 25 years old, married with a mortgage, in a career she enjoyed and wanted to continue, but had just been told she could never earn any more money, no matter how good she was at her job. The only way to move up was to go back to school for a ...

Advanced Data's 4506-T is in Pilot for Fannie Mae's Day 1 Certainty™ and VOE and Disruptor eVoE™ Are Coming Soon
PR Web (press release)
Fannie Mae's Day 1 Certainty is an initiative that provides lenders freedom from representations and warranties on key aspects of the mortgage origination process. Also, it offers income, assets and employment validation services to lenders through its ...

The Mortgage Reports (blog)

First jobs decline in 7 years. How does that affect home buyers?
The Mortgage Reports (blog)
The economy lost 33,000 nonfarm payroll jobs — the first monthly decline in seven years, according to the Employment Situation Report for September 2017 from the U.S. Bureau of Labor Statistics. In stark contrast to September's numbers, the economy ...
Mortgage Rates Monday: Sharply Higher Due to Wages - NerdWalletNerdWallet (blog)

all 2 news articles »

Mortgage rates today, October 4, plus lock recommendations
The Mortgage Reports (blog)
Mortgage rates today fell a bit, but it isn't apparent if the reason is ADP's Employment Report for September, or if it's Trump's announcement that Puerto Rico's debt will be wiped out. That this injects uncertainty into bond markets (especially since ...

Charlotte Observer

Bank of America laying off technology workers in Charlotte ...
Charlotte Observer
Bank of America is laying off an undisclosed number of technology and mortgage workers in Charlotte and elsewhere, the latest cuts this year to employees in ...

and more »

New York Times

Equifax's Grip on Mortgage Data Squeezes Smaller Rivals
New York Times
In addition to supplying merged credit reports as Equifax does, these firms often provide more detailed information, including verification of a borrower's employment, and past payments to utilities, phone companies and landlords. That these ...

and more »

National Mortgage News

8 opportunities and challenges for mortgage brokers on the rebound
National Mortgage News
Mortgage brokers and wholesale lenders have risen from the depths of despair as a result of the shift to a purchase market and greater consumer demand for a more informed and seamless borrowing experience. But to keep that momentum going, brokers ...


Mortgage applications drop 2.1% on higher interest rates - CNBC.com
Most of the drop stemmed from a continued reduction in refinance activity, but applications to purchase a home also fell.

and more »

Mortgage rates today, October 3, plus lock recommendations
The Mortgage Reports (blog)
The most-highly scrutinized report tomorrow (from a mortgage rate perspective) is ADP's Employment Report for September. While ADP is not a government agency, it is the largest payroll processing firm in the US. Many believe its numbers are a prelude ...

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