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22,000 mortgage jobs axed in Q4

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Mortgage Professional America | 25 Mar 2014, 06:09 AM Agree 0
Twenty-two thousand mortgage employees were fired in the fourth quarter of 2013, the most in six years, according to a Los Angeles Times report
  • Nathan Smith | | 25 Mar 2014, 12:47 PM Agree 0
    I hate to read this kind of news, but if you live by the refi, you die by the refi. I looked through my records for 2013; I did one and only one refi, the rest were purchases.
  • Bsquare | | 25 Mar 2014, 01:14 PM Agree 0
    I wonder how DOL accounts for this in the seasonally adjusted average.
  • Jimmy DaBull | | 27 Mar 2014, 04:26 PM Agree 0
    1 Refi in 2013? Your past customers must not think much of you.
  • Lee in CA | | 27 Mar 2014, 04:42 PM Agree 0
    I'm sure the DOL would find a slight gain in jobs when they "seasonably" adjusted these numbers.
  • EB in CA | | 30 Mar 2014, 12:55 PM Agree 0
    interesting about 15% of all my mortgages were refinances last year, mostly former FHA buyers and referrals. Purchase continues to be my main source of income. I get busier every day, maybe because people are waking up to doing business with the big box banks? in my town, wells and b of a have a terrible reputation amongst realtors.
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