Housing Bubble & Bust #1 and #2 as Seen through Employment at Mortgage Lenders and Mortgage Brokers

AI Summary

The employment trends within the mortgage lending industry indicate a significant decrease in jobs at nonbank mortgage lenders and brokers, attributed to a collapse in demand. This shift raises concerns about the stability of the housing market.

Nonbank mortgage lenders shed 40% of their jobs this time, and loan brokers 38%. They react to demand, which collapsed.