Why Are Women Losing Jobs And Men Gaining Jobs?

Men are regaining jobs faster and women are losing them, according to the Pew Research Center. The study found that men are making inroads in industries long dominated by women, such as nursing and teaching. The percentage of male nurses climbed from 9.5% in 2003 to 12.2% this year.

Men gained jobs at a faster rate than women in education and health services, professional and business services, and leisure and hospitality. In other sectors, including retail, finance, and federal government, men gained jobs while women lost jobs.

In each of the recovery periods since 1970, women have regained jobs at a faster rate than men within the first two years of the recovery. Between the end of the recession in June 2009 through May 2011, men gained 768,000 jobs and women lost 218,000 jobs.

Treasury Department To Pay Servicers For Quicker Loan Modifications

The Treasury Department will pay mortgage servicers more for modifying loans in an earlier stage of delinquency and less the longer the process takes, according to guidelines released July 6, 2011.

The guidelines, effective October 1, will be adopted by Fannie Mae when the Federal Housing Finance Agency releases the new mortgage servicing fee structures.

Through HAMP, a servicer receives $1,000 when a homeowner is placed in a verified income trial modification for three months before becoming permanent. Effective October 1, mortgage servicers will receive $1,600 if the trial starts before a loan becomes more than 120 days delinquent, $1,200 for loans between 121 days and 210 days delinquent and $400.00 for loans placed in the trial stage after being 210 days delinquent.

Servicers are prohibited from requiring borrowers to make past due payments before entering a trial modification which would result in a higher fee for the servicer.