-
Job numbers for brokers have held up better than lenders, but both segments will be challenged by broader employment strength that makes rate cuts less likely.
April 5 -
The annual reconciliation shows nonbank cuts were deeper than the initial read suggested, and comes as the latest numbers for broader employment show a surge.
February 2 -
The number, juxtaposed with a recent survey that suggests companies will hire, raises questions as to whether numbers have bottomed out. Much depends on rates.
January 5 -
While home lending employment fell, a stronger-than-expected report on the broader labor market immediately raised concerns about the potential for higher interest rates.
December 8 -
The broader economy added 150,000 positions, a number the bond market initially read as likely to soften rates, but some economists interpreted differently.
November 3 -
The reduction in employment followed a rise in rates this summer, but hiring has generally been stable since spring.
September 1 -
Nonbank brokers and lenders typically scale back after the spring homebuying season and the housing market could be particularly slow for the rest of this year.
August 4 -
The May uptick in nonbank housing-finance payrolls came almost entirely from lender hiring as loan broker numbers plateaued and construction demand persisted.
July 7 -
Staff retained or added for the spring homebuying season has stemmed the tide of layoffs for now, according to the Bureau of Labor Statistics' latest figures.
June 2 -
Lenders and brokers have slashed two-thirds of the positions added since 2020, but the question now is whether reducing staffing to the level seen that year will be enough.
May 5