Mortgage

Layoffs projected to dwindle as economy improves

The mortgage industry has taken huge staffing cuts in recent months, but the situation is projected to heal as the economy improves in the latter half of the year. ABC News:

 “Things are getting better,” says Manpower’s President Jonas Prising. “The hiring outlook improves across the U.S. as we look into the fourth quarter, which is positive.” But the growth in jobs is still not back to where it was before the recession hit in 2008. “This is a very slowly improving labor market,” says Prising. “You could say it’s unusually slow given the depth of the recession that we’ve been in.” While the economy has improved since the recession, “At this rate it will take us close to seven or eight years to come back to the unemployment levels we had before the recession struck.”

Most Popular Articles

Caliber Home Loans CEO Sanjiv Das steps down

Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed. 

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please