Mortgage Employment Declines For 13th Straight Month
May 8, 2008
Mortgage Employment Declines For 13th Straight Month
Graph: In Thousands, Mortgage Employment since Jan. 2002 Although the rate of job losses in the mortgage industry has leveled since it began dropping precipitously last fall, industry employment has declined for more than 13 consecutive months.
The Bureau of Labor Statistics (BLS) reported 360,100 full-time mortgage positions in the month of March, down from 364,700 in February and 465,800 one year ago. Employment reporting at the Bureau generally lags one month for the mortgage industry. The mortgage industry has lost 144,600 jobs since employment peaked at 504,700 in October 2006. The BLS breaks down mortgage employment into two categories.Under “real estate credit,” the BLS reported 249,100 million jobs, compared to 251,400 a month earlier.For the “mortgage and nonmortgage loan brokers” sector, there were reportedly 111,000 positions, compared to 112,700 one month ago.
The national unemployment rate remained at 5.0% for April.
Representing the fourth consecutive monthly loss, the number of non-farm payroll jobs declined another 20,000 for the month as the number of unemployed people stood at 7.6 million.
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FHA Mortgage Limits - All States/Counties
March 18, 2008
The New FHA loan limits for other states have not been released. 
Although, you can always check here.
FHA Mortgage Limits in California by County
March 6, 2008
Oven fresh FHA loan limit stats! (Please check back later for other states as more information is made public.) 
County Name Median Home Price FHA Limit
Alameda County $995,000 $729,750
Alpine County 438,000 547,500
Amador County 355,000 443,750
Butte County 320,000 400,000
Calaveras County 370,000 462,500
Colusa County 318,000 397,500
Contra Costa County 995,000 729,750
Del Norte County 249,000 311,250
El Dorado County 464,000 580,000
Fresno County 305,000 381,250
Glenn County 230,000 287,500
Humboldt County 315,000 393,750
Imperial County 260,000 325,000
Inyo County 350,000 437,500
Kern County 295,000 368,750
Kings County 260,000 325,000
Lake County 321,000 401,250
Lassen County 200,000 271,050
Los Angeles County 710,000 729,750
Madera County 340,000 425,000
Marin County 995,000 729,750
Mariposa County 330,000 412,500
Mendocino County 410,000 512,500
Merced County 378,000 472,500
Modoc County 125,000 271,050
Mono County 370,000 462,500
Monterey County 599,000 729,750
Napa County 615,000 729,750
Nevada County 450,000 562,500
Orange County 710,000 729,750
Placer County 464,000 580,000
Plumas County 328,000 410,000
Riverside County 400,000 500,000
Sacramento County 464,000 580,000
San Benito County 790,000 729,750
San Bernardino County 400,000 500,000
San Diego County 558,000 697,500
San Francisco County 995,000 729,750
San Joaquin County 391,000 488,750
San Luis Obispo County 550,000 687,500
San Mateo County 995,000 729,750
Santa Barbara County 615,000 729,750
Santa Clara County 790,000 72,9750
Santa Cruz County 719,000 729,750
Shasta County 339,000 423,750
Sierra County 228,000 285,000
Siskiyou County 235,000 293,750
Solano County 446,000 557,500
Sonoma County 530,000 662,500
Stanislaus County 339,000 423,750
Sutter County 340,000 425,000
Tehama County 250,000 312,500
Trinity County 200,000 271,050
Tulare County 260,000 325,000
Tuolumne County 350,000 437,500
Ventura County 599,000 729,750
Yolo County 464,000 580,000
Yuba County 340,000 425,000
Reverse Mortgages Show Significant Growth in 2007
February 29, 2008
January 18, 2008 (NRMLA)
FHA insured reverse mortgage loans or Home Equity Conversion Mortgages (HECM) increased by 26.5% from 2006 to 2007. The loans, better known as reverse mortgages, have seen unprecedented growth over the last three years as the demand for reverse mortgage products continues to accelerate. To view the full press release, please click on the link below.
Even in a down market, there is growth. FHA, reverse mortgages, defaults. Are we leaving anything out? Let it be heard!
