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Volume 18 - Number 23

November 14, 2014

Mortgage Employment Outlook: Partly Cloudy

Usually, the winter isn’t the best time to be looking for a job in the mortgage industry, especially if you happen to be a loan officer facing the dead months of December through February. But thanks to the recent downdraft in interest rates – and some hope that lending outside the qualified mortgage bucket will start to grow – the immediate outlook for mortgage employment isn’t so bad after all. According to figures compiled by the Bureau of Labor Statistics, mortgage brokerage firms added 1,700 workers during September, one of the best hiring sprees in some time. Compared to the same month a year ago, employment is up by 400 positions to 73,000. Mortgage banking firms, which are listed under the BLS ...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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