Foreclosure debt and Mortgage lending industry layoffs risen and have jumped dramatically lately as surging home foreclosures, lagging prices for homes, and a credit crunch force home lenders across America to scale back on business.

American Home Mortgage Investment Corp., Capital One Financial Corporation, Countrywide Financial and many others of America's largest mortgage companies, have announced job losses and others have filed for bankruptcy protection.

Construction companies have also announced nearly 20,000 job cuts this year, while the National Association of Realtors expects membership rolls to decline this year for the first time in a decade.

This trend has been building and there a numerous well-documented reasons for it. The result of so much subprime lending is record foreclosures.The effects will be felt from Wall Street to Main Streets all over America and doesn't show any signs of immediately slowing down.

Sometimes it's extremely difficult to muster up the positive mental attitude to see opportunity in a seemingly bad situation. Things get so out of hand that it's easy to become discouraged to the point of feeling despair. Those are the times when you are really put to the test ? especially if the test is an extended one.

It has been said that every adversity brings with it an equivalent or greater opportunity for success. All that is required is different thinking, perhaps a new view point and action. Problems can be overcome by taking bold, courageous, individual action. As they say, the only limits are those that you place on yourself.

That being said there are still opportunities in the industry, some have made the switch to loan servicing, commercial banking, management, and even foreclosure loss mitigation. The Real Estate and Mortgage industries aren't dead, there will just be less people in them.

If I were to survey the landscape, I might consider loss mitigation. There will certainly be no shortage of potential clients in the near future. As a Certified Loss Mitigation Consultant, I would have the opportunity to help home owners prevent or stop foreclosure and STAY in their homes. National mortgage defaults and Foreclosures statistics are at 30 year highs and rising rapidly. Clearly it is an industry with opportunity and that needs help.

More info on your stop foreclosure information search:

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