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Unemployment Rate 8.1%, Economy Adds 96K Jobs In August

The nation's unemployment rate fell to 8.1 percent in August - the lowest level since April but the economy added just 96,000 jobs, the Bureau of Labor Statistics (BLS) reported Friday. According to BLS, 581,000 people left the labor force in August leading to the drop in the unemployment rate which nonetheless remained above the election-critical 8.0 percent. At the same time, July's job gains - originally reported at 163,000 - were reduced to 141,000 while June's job numbers dropped to 45,000 from 87,000.

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Equator Launches Servicer Specific Training Program

Equator announced Monday the launch of its Servicer Specific Training program. The program, designed to enable mortgage servicers to train real estate agents on their own short sale and REO processes and standards, is provided through Equator's EQ Platform.

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