Mortgage industry job loss

How Many Mortgage Jobs Were Lost in 2007?

January 9, 2008

The mortgage crisis was at the tip of everyone's tongues last year and many jobs were lost in the industry that literally lent itself to disaster. Can you guess how many mortgage jobs were eliminated in 2007?

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9 Comments

miacharro 5 years 16 weeks

what a pitty :(

Cris1192 5 years 18 weeks

That's an aweful lot of people

katejlogan 5 years 18 weeks

I know that individual cogs in a large wheel don't have much control, but did anyone think that the non-stop escalation of housing values would continue forever? It was and is unrealistic that you can buy property and a year later have its value increase by 30% or 50% and be able to capitalize on that year after year. The only ones who capitalized were all the different companies processing paperwork and taking a fee here and a fee there. (hmmm, sounds like a credit card company) Now the entire country is paying for mortgages that should have never been given.

freegracefrom 5 years 18 weeks

I know a lot of people at banks that lost their job recently. Take a look at how many real-estate jobs were lost too! It's pretty much crippled our local economy.

ualili 5 years 18 weeks

I know a number of people who have lost jobs because of the mortgage crisis - my mom was laid off twice in 2007, my brother once and my BFF twice, the second time right after Christmas!! Eek!

gooniette 5 years 18 weeks

A friend of mine lost her job last year. She was a mortgage processor. Luckily she got a pretty good lay-off package. I'm just happy I got out in 2006. It was just beginning to go downhill then.