twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Layoffs Still Outpace Hirings

269,900 mortgage jobs in March

May 8, 2009

By staff

Despite thousands of hirings, new government data indicate mortgage jobs continued to diminish in March.

Mortgage sector headcount ended March at 269,900, according to data released today by the Bureau of Labor Statistic. Employment eased from a revised 270,400 at the end of February and a revised 321,900 in March 2008.

Positions in "real estate credit" accounted for 196,800 of March's total, off from February's 197,200. "Mortgage and nonmortgage loan brokers" accounted for 73,100, down from 73,200.

The decline in mortgage employment came despite thousands hirings tracked by, including 5,000 jobs added at Wells Fargo & Co. during the first quarter and another 5,000 employees being hired at Bank of America Corp. -- some of which occured during March.

The following table summarizes March layoffs tracked by

Company Notes Estimated Layoffs
Accredited Home Lenders Filed for bankruptcy 91
Bank of America Corp. na 50
Central States Mortgage na 107
Citigroup Inc. Q1 total 641
First Security Loan Corp Closed 35
FirstFed Financial Corp. Q1 total 62
Flagstar Bancorp Inc. Q1 total 155
HSBC Finance Corp. Closed 5,400
Huntington Bancshares Inc. na 50
JPMorgan Chase & Co. Q1 total 189
PHH Mortgage Q1 total 350
PNC Financial Services Q1 total 75
Sovereign Bank Q1 total 100

In April, U.S. unemployment rose to 8.9 percent from 8.5 percent in March, according to the bureau -- which operates within the U.S. Department of Labor. Total private sector employment fell 611,000 in April and has fallen 5.7 million since the beginning of the recession in December 2007.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders