twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.reversefunding.com

subscribe to free Mortgage Daily email newsletter
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.



read full First-Quarter 2010 report


PRESS RELEASE


Mortgage Jobs Manage 2nd Consecutive Gain


DALLAS -- (May 17, 2010) /PRNewswire/ Mortgage employment expanded in the First-Quarter 2010 Mortgage Employment Index from MortgageDaily.com, a leading online news publication for the mortgage industry. It was the second consecutive quarter that mortgage jobs improved. Florida emerged with the biggest gain.

Lenders, banks and service providers terminated more than 1,500 mortgage-related employees in the first quarter, according to the index -- which reflects employment activity covered by MortgageDaily.com. But the sector also added more than 2,200 new positions during the period.

As a result, mortgage employment expanded by more than 700 jobs. It was the second consecutive quarterly increase.

Quarter Layoffs Hirings Net
Q1 2010 1,543 2,257 +714
Q4 2009 2,995 5,849 +2,854
Q1 2009 10,953 8,877 -2,076

Illinois saw over 300 mortgage layoffs, the highest of any state. California was close behind with nearly 300, while North Carolina and Ohio each racked up more than 150.

North Carolina also saw in excess of 300 new hirings -- more than any of its peers. Florida's nearly 300 hirings followed, then more than 200 in Michigan.

Factoring in both layoffs and hirings, Florida fared best with a gain of nearly 300. Michigan was next, increasing more than 200. A net loss of more than 300 in Illinois was the worst.

Looking at layoffs by company, GMAC led the pack with nearly 500. A contraction of more than 300 jobs at Wells Fargo & Co. ranked it No. 2, and nearly 300 job cuts at Fiserve placed it in the third slot.

More than 400 hirings were made by JPMorgan Chase & Co., the most of all mortgage lenders. Also making a big contribution to the first-quarter growth were the FDIC and Neighborhood Assistance Corporation of America.

The net gain was biggest at JPMorgan: 440. GMAC's net loss of nearly 500 jobs was the most.

The full first-quarter report is available to subscribers at:
http://www.mortgagedaily.com/EmploymentByStateReport051710.asp


The complete Mortgage Employment Index -- including full tables by state, year and company -- is available at:
http://www.mortgagedaily.com/MortgageEmploymentIndex.asp?spcode=pr

Mortgage employment news, including articles about the Mortgage Employment Index, is available at:
http://www.mortgagedaily.com/MortgageEmployment.asp?spcode=pr


About MortgageDaily.com
Founded in 1998, MortgageDaily.com provides online mortgage news and analysis for the mortgage industry.
Around 1 million news pages are viewed monthly at MortgageDaily.com.


CONTACT:
SamGarcia@MortgageDaily.com
214.521.1300
3811-700 Turtle Creek Blvd.
Dallas, TX 75219


Source: MortgageDaily.com


Media: request a complimentary copy of the full report from SamGarcia@MortgageDaily.com.


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

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

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

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news