Unemployment remains at lowest level since 2007 Governor Ralph Northam announced on Friday that Virginia’s unemployment rate is down to 3.1 percent and the labor force set another record high for expansion. The seasonally adjusted unemployment rate for july fell 0.6 percent, hitting its lowest level since August of 2007, according to a release.
Mortgage bankers have extremely high turnover and most people don’t make it past their two year anniversary. Average 55-60 hours worked per week, a ton of lofty expectations and demands make this career overwhelming and hard to keep up with, and the work load and long hours make little time for family, hobbies, and personal life.
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers.especially those in New York.
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The Federal Housing Finance Agency will increase guarantee fees on single-family mortgage-backed securities charged by the government-sponsored enterprises by 10 basis points effective April 1, 2012, in response to the new funding mechanism for the payroll tax cut extension passed by Congress.
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And repossessing the collateral is much easier than for a home loan. Few analysts currently fear a subprime auto meltdown on par with the mortgage crisis. In April, New York Superintendent of.
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