Job growth rebounded in April after a dismal March, which was due in part to harsh weather. The Bureau of Labor Statistics reported that 211,000 jobs were created, above the 180,000 expected. The weak March number of 98,000 was revised lower to 79,000. February was revised higher to 232,000 from 219,000. The Unemployment Rate fell to 4.4 percent, the lowest level in 10 years. Within the report it showed that total unemployment, or the U-6 number, fell to 8.6 ...Continue Reading →
Take steps to swing the odds of passing the licensing test in your favor
By Rich Leffler, director of training/senior instructor
Every mortgage professional who originates loans for a non-Federal Deposit Insurance Corp.-insured entity must be licensed. And being licensed means having to pass the National Mortgage Licensing System (NMLS) pre-licensing exam.
The exam is relatively standard. It includes 100 computer-generated, multiple-choice questions that must be answered within three hours. Ten of the 100 questions are “test” questions that do ...Continue Reading →