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Mortgage Employment By State First-Quarter 2010

Mortgage Daily

Published On: May 17, 2010
Mortgage Employment By StateFirst-Quarter 2010
Published May 17, 2010
State
 Layoffs Q1 2010 Hirings Q1 2010 Q1 2010 Net Q4 2009 Net Q3 2009 Net Q2 2009 Net Q1 2009 Net
(revised)
TOTAL
 1,543 2,257 +714 +2,854 -710 +8,253
-2,076
Alabama 0 30 30 +30 0 0 0
Alaska 0 0 0 0 0 0 0
Arizona 0 100 +100 -80 +50 35 +20
California 290 129 -161 987 -31 -423 -829
Colorado 0 0 0 0 0 -19 0
Connecticut 84 19 -65 -80 0 50 0
Delaware 0 0 0 0 -65 0 0
Florida 0 289 +289 -63 -1,355 +595 -322
Georgia 0 10 +10 -118 0 0 -20
Idaho 0 0 0 +18 0 0 0
Illinois 316 0 -316 0 0 +388 -2,780
Indiana 0 0 0 -10 -22 0 0
Iowa 0 0 0 +941 +25 +25 0
Kansas 0 20 +20 +55 +35 0 0
Kentucky 0 50 +50 0 0 +340 +40
Louisiana 0 0 0 0 +250 0 0
Maine 0 0 0 0 0 0 0
Maryland 0 0 0 0 0 +25 +25
Massachusetts 0 0 0 -160 0 0 0
Michigan 18 237 +219 -25 +35 +89 +100
Minnesota 0 0 0 0 0 0 0
Mississippi 0 0 0 0 0 0 -100
Missouri 0 0 0 0 +700 +70 +25
Montana 0 0 0 0 0 0 0
Nebraska 0 0 0 0 0 0 0
Nevada 0 0 0 0 +20 0 0
New Jersey 9 0 -9 -91 -179 -8 0
New Mexico 0 0 0 0 0 -105 +25
New York 24 0 -24 -500 +125 +164 -147
North Carolina 159 338 +179 +313 +171 -24 +50
Ohio 156 108 -48 -197 +20 +95 -38
Oklahoma 0 0 0 0 0 0 0
Oregon 0 0 0 0 0 +38 +38
Pennsylvania 57 37 -20 -5 +150 +125 +100
Rhode Island 0 46 +46 0 0 0 0
South Carolina 0 0 0 0 0 +15 +15
Tennessee 0 10 +10 0 0 0 -70
Texas 41 90 +49 +44 +478 +1,078 0
Utah 0 0 0 -100 0 0 0
Virginia 3 0 -3 0 0 -291 0
Washington 5 0 -5 -60 -824 +165 -320
Washington, D.C. 0 50 +50 +50 +50 0 0
Wisconsin 0 0 0 0 0 +200 -80
West Virginia 0 0 0 0 0 0 0
National (no state identified)
 381 694 +313 +1,905 -343 +5,626 2,192
TOTAL
 1,543 2,257 +714 2,854 -710 +8,253
-2,076
State
 Layoffs Q1 2010 Hirings Q1 2010 Q1 2010 Net
Q4 2009 Net
Q3 2009 Net
Q2 2009 Net
Q1 2009
Net
(revised)

Q1 2010 Notes

  • Positive figures represent net job gains.

  • Negative figures represent net job losses.

  • Reflects mortgage layoffs, hirings and mortgage company closings tracked from Jan. 1, 2010, to March 31, 2010, 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 (-) or Increases (+) by Company
First-Quarter 2010

Company
Layoffs
Hirings
Net Job Change
Advanta Corp. 28 0 -28
Bank of America Corp. 22 0 -22
Citizens Financial Group 0 46 +46
Digital Risk LLC 0 130 +130
Evolve Bank & Trust 0 20 +20
Expert Group Inc. 0 44 +44
Federal Deposit Insurance Corporation 0 300 +300
Fifth Third Bank 0 144 +144
First Market Bank 3 0 -3
First Preferred Mortgage Co. 0 7 +7
Fiserv 290 0 -290
Flagstar Bancorp Inc. 22 0 -22
GMAC Financial Services 487 0 -487
GoodMortgage.com 0 15 +15
Hall Financial 0 15 +15
Harleysville National Bank 29 0 -29
HomeBancorp Inc. 0 20 +20
JPMorgan Chase & Co. 0 440 +440
KeyCorp 150 0 -150
Loan Resolution Corp. 0 100 +100
loanDepot.com 0 63 +63
Luxury Mortgage Corp. 0 19 +19
Merrlin Mortgage Corp. 0 20 +20
MetLife Bank 82 0 -82
MOS Group 0 25 +25
Neighborhood Assistance Corporation of America 0 273 +273
The PNC Financial Services Group Inc. 13 74 +61
Quicken Loans Inc. 0 215 +215
SecoLink Settlement Services 24 0 -24
Superior Bank 0 30 +30
SurePoint Lending 0 18 +18
The StoneHill Group 0 10 +10
Tree.com 25 0 -25
U.S. Bank 30 50 +20
U.S. Department of Housing and Urban Development 0 100 +100
Wells Fargo & Co. 338 0 -338
Wingspan Portfolio Advisors 0 29 +29
Zenta Mortgage Services 0 50 +50
TOTAL
 1,543 2,257 +714
Company
Layoffs
Hirings
Net Job Change

Mortgage Employment Index main |
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