Mortgage Employment Index - Second-Quarter 2011 | Aug. 27, 2011

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Mortgage Employment Index By State

Second-Quarter 2011
Published Aug. 29, 2011

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State	Q2 2011 Layoffs	Q2 2011 Hirings	Q2 2011 Net	Q1 2011 Net	Q4 2010 Net	Q3 2010 Net	Q2 2010 Net	Q1 2010 Net	Q4 2009 Net	Q3 2009 Net	Q2 2009 Net	Q1 2009 Net (revised)
TOTAL	5,404	4,940	-464	-1,805	-3,624	-930	+740	+714	+2,854	-710	+8,253	-2,076
Alabama	23	28	+5	+102	0	0	0	30	+30	0	0	0
Alaska	0	0	0	0	0	0	0	0	0	0	0	0
Arizona	0	0	0	0	0	0	0	+100	-80	+50	35	+20
California	1,566	488	-1,078	-163	-1,027	134	+91	-161	987	-31	-423	-829
Colorado	0	10	+10	-85	0	0	0	0	0	0	-19	0
Connecticut	0	0	0	+19	+43	+68	+60	-65	-80	0	50	0
Delaware	0	0	0	0	0	0	0	0	0	-65	0	0
Florida	172	0	-172	-837	-195	+164	+248	+289	-63	-1,355	+595	-322
Georgia	20	18	-2	+36	+98	+85	+10	+10	-118	0	0	-20
Hawaii	0	0	0	0	-50	0	0	0	0	0	0	0
Idaho	0	0	0	0	0	0	0	0	+18	0	0	0
Illinois	31	0	-31	+20	-8	-36	-489	-316	0	0	+388	-2,780
Indiana	6	15	+9	+15	0	+50	+50	0	-10	-22	0	0
Iowa	142	0	-142	-1,290	-350	-10	0	0	+941	+25	+25	0
Kansas	10	0	-10	+100	+5	0	0	+20	+55	+35	0	0
Kentucky	0	400	+400	0	0	0	0	+50	0	0	+340	+40
Louisiana	0	0	0	+72	+65	0	0	0	0	+250	0	0
Maine	0	0	0	0	0	0	0	0	0	0	0	0
Maryland	2	0	-2	0	+12	-67	-292	0	0	0	+25	+25
Massachusetts	0	13	+13	+13	-12	0	0	0	-160	0	0	0
Michigan	108	142	+34	+75	-76	+46	+29	+219	-25	+35	+89	+100
Minnesota	274	0	-274	+19	0	0	0	0	0	0	0	0
Mississippi	0	0	0	0	0	0	0	0	0	0	0	-100
Missouri	43	265	+222	-250	0	0	0	0	0	+700	+70	+25
Montana	0	0	0	0	0	0	0	0	0	0	0	0
Nebraska	0	0	0	0	0	0	-20	0	0	0	0	0
Nevada	83	0	-83	0	0	0	0	0	0	+20	0	0
New Jersey	77	0	-77	-50	+34	+39	-128	-9	-91	-179	-8	0
New Mexico	0	0	0	0	0	0	-80	0	0	0	-105	+25
New York	6	0	-6	+75	+42	+100	-76	-24	-500	+125	+164	-147
North Carolina	289	13	-276	-92	-167	+512	+324	+179	+313	+171	-24	+50
Ohio	0	800	+800	+102	+417	0	+20	-48	-197	+20	+95	-38
Oklahoma	0	0	0	0	+5	+43	+43	0	0	0	0	0
Oregon	0	0	0	+75	+75	-34	0	0	0	0	+38	+38
Pennsylvania	292	0	-292	+512	+97	+42	+34	-20	-5	+150	+125	+100
Rhode Island	0	0	0	0	0	+33	+83	+46	0	0	0	0
South Carolina	51	0	-51	0	+50	0	0	0	0	0	+15	+15
Tennessee	0	0	0	-3	+110	+150	+310	+10	0	0	0	-70
Texas	181	193	+12	+71	+630	+308	+153	+49	+44	+478	+1,078	0
Utah	0	0	0	0	0	0	-12	0	-100	0	0	0
Virginia	0	17	+17	0	-25	+3	+25	-3	0	0	-291	0
Washington	50	0	-50	+3	0	0	0	-5	-60	-824	+165	-320
Washington, D.C.	0	0	0	0	0	+50	+50	+50	+50	+50	0	0
Wisconsin	0	0	0	+18	0	0	+43	0	0	0	+200	-80
West Virginia	0	0	0	0	0	0	0	0	0	0	0	0
National (no state identified)	1,978	2,538	+560	-362	-3,397	-2,610	+264	+313	+1,905	-343	+5,626	2,192
TOTAL	5,404	4,940	-464	-1,805	-3,624	-930	+740	+714	2,854	-710	+8,253	-2,076
State	Q2 2011 Layoffs	Q2 2011 Hirings	Q2 2011 Net	Q1 2011 Net	Q4 2010 Net	Q3 2010 Net	Q2 2010 Net	Q1 2010 Net	Q4 2009 Net	Q3 2009 Net	Q2 2009 Net	Q1 2009 Net (revised)

Q2-2011 Notes

Positive figures represent net job gains.
Negative figures represent net job losses.
Reflects mortgage layoffs, hirings and mortgage company closings tracked from April 1, 2011, to June 30, 2011, generally involving at least 50 people.
The data was primarily derived from stories published by MortgageDaily.com
With a few individual rounds of layoffs where only national totals were available and the impacted states were known, half of the layoffs were attributed to the state where the company was based and the rest were distributed among the remaining states.
Layoffs in unknown multiple states where only national numbers were obtained were generally attributed half to the state where based and half to "National."
Some numbers were estimated.
When bank-wide layoffs were reported, 10% was typically used to determine the mortgage job share.

Net Job Losses by Company
Second-Quarter 2011

Company	Layoffs	Hirings	Net Job Change
American Home Bank	141	0	-141
BancorpSouth Inc.	0	28	+28
Bank of America Corp.	1,534	580	-954
BB&T Corp.	0	10	+10
Ben-Ezra & Katz	145	0	-145
Citigroup Inc.	400	500	+100
Covenant Mortgage	0	10	+10
Diamond Residential Mortgage	20	0	-20
Fairway Independent Mortgage	0	55	+55
Financial Freedom Senior Funding Corp.	65	0	-65
First Mortgage Corp.	0	31	+31
Flagstar Bancorp Inc.	0	10	+10
Foundation Financial Group	0	18	+18
Gold Star Mortgage Financial Group	0	12	+12
iServe Residential Lending LLC	0	20	+20
JPMorgan Chase & Co.	0	2,585	2,585
Kinecta Federal Credit Union	0	23	+23
Kondaur Capital Corp.	161	0	-161
loanDepot.com	0	141	+141
MetLife	0	200	+200
Monroe Bank	6	0	-6
Mortgage Masters Inc.	0	25	+25
NetMore America	100	0	-100
New American Mortgage	30	0	-30
PHH Corp.	100	0	-100
Quicken Loans Inc.	0	100	+100
Residential Wholesale Mortgage Inc.	0	10	+10
RPM Mortgage	0	33	+33
Security National Servicing Corp.	49	0	-49
State Street	73	0	-73
Stonegate Mortgage Corp.	0	15	+15
SunTrust Banks Inc.	0	38	+38
Superior Bank	23	0	-23
Synovus	39	0	-39
The Bank of New York Mellon	6	0	-6
The PNC Financial Group Inc.	0	6	+6
U.S. Bank	6	400	+394
VA Mortgage Center	0	15	+15
Wells Fargo & Co.	2,500	0	-2,500
Wilbur National Bank	6	0	-6
Wingspan Portfolio Advisors	0	75	+75
TOTAL	5,404	4,940	-464
Company	Layoffs	Hirings	Net Job Change

Mortgage Employment Index - Second-Quarter 2011

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Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

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