Published On: January 7, 2008
|
Mortgage Employment By StateAnalysis of Activity from Jan. 2006 to Dec. 2007
Published Jan. 7, 2008 (updated Jan. 8)
|
|
|
State
|
2006
|
2007
|
Net Both Years
|
| Alaska |
0
|
+10
|
+10
|
| Arizona |
3,791
|
-2,505
|
+3,533
|
| California |
-5,397
|
-16,433 (updated 4/8/2008)
|
-21,330
|
| Colorado |
+44
|
+4
|
+48
|
| Connecticut |
+426
|
-1,698
|
-1,148
|
| Delaware |
-153
|
+200
|
+47
|
| Florida |
-444
|
-2,507
|
-2,951
|
| Georgia |
+19
|
-1,623
|
-1,604
|
| Idaho |
0
|
-49
|
-49
|
| Illinois |
-127
|
-1,738
|
-1,865
|
| Indiana |
-650
|
-694
|
-1,344
|
| Iowa |
+2,000
|
-85
|
+1,915
|
| Kansas |
0
|
-60
|
-60
|
| Kentucky |
+273
|
-530
|
-257
|
| Louisiana |
0
|
+130
|
+130
|
| Maryland |
+100
|
-285
|
-185
|
| Massachusetts |
+150
|
+47
|
+197
|
| Michigan |
+350
|
-109 (updated 1/8)
|
+241
|
| Minnesota |
0
|
-309
|
-309
|
| Missouri |
-25
|
-655
|
-680
|
| Nebraska |
+150
|
0
|
+150
|
| Nevada |
0
|
-547
|
-547
|
| New Jersey |
-17
|
-697
|
-714
|
| New York |
+459
|
-2,071
|
-1,612
|
| North Carolina |
+675
|
-964
|
+289
|
| Ohio |
-24
|
-845
|
-869
|
| Oregon |
0
|
-91
|
-91
|
| Pennsylvania |
-47
|
-313
|
-360
|
| Rhode Island |
0
|
0
|
0
|
| South Carolina |
-31
|
-900
|
-931
|
| Tennessee |
-125
|
-135
|
-260
|
| Texas |
+1,375
|
+145
|
+1,520
|
| Utah |
0
|
-36
|
-36
|
| Virginia |
-203
|
-118
|
-321
|
| Washington |
-1,260
|
-745
|
-2,005
|
| Wisconsin |
-470
|
-33
|
-503
|
|
National
|
-3,585
|
-50,892 (updated 4/8/2008)
|
-53,977
|
|
TOTAL
|
-2,746
|
-87,131
|
-88,817
|
|
- Positive figures represent net job gains.
- Negative figures represent net job losses.
- Reflects mortgage layoffs, hirings and mortgage company closings from Jan. 1, 2006, to Dec. 31, 2007.
- The data was primarily derived from stories published by MortgageDaily.com
- With a few individual rounds of layoffs where only national totals were available but states involved 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.
- Those layoffs where only national numbers were obtained and no individual states were identified are included in “National.”
- The number of companies involved in layoffs analyzed was 205.
- 1.08.08 added 63 layoffs from Citizen Bank Mortgage
- 4.8.08: moved 1,000 First Franklin layoffs to 2007 from Q1 2008
|
|
Net Job Losses by Company
2007 (reflects only companies with at least 500 layoffs)
|
Company
|
Hirings
|
Layoffs
|
Net Job Losses
|
| IndyMac Bancorp |
1,270
|
1,400
|
-130
|
| Freestand Financial Holding |
0
|
500
|
-500
|
| MILA Investment Lending |
0
|
500
|
-500
|
| Morgan Stanley |
0
|
500
|
-500
|
| Bank of America |
450
|
1,005
|
-555
|
| Impac Mortgage Holdings |
0
|
612
|
-612
|
| MortgageIT/Deutsche |
0
|
630
|
-630
|
| Bear Stearns |
0
|
700
|
-700
|
| Amstar Mortgage Corp. |
0
|
700
|
-700
|
| NetBank Inc./Market Street Mortgage |
0
|
740
|
-740
|
| 1st National Bank of Arizona |
0
|
752
|
-752
|
| Nomura Holdings Inc. |
0
|
800
|
-800
|
| Silver State Mortgage |
0
|
800
|
-800
|
| SouthStar Funding LLC |
0
|
800
|
-800
|
| CIT Home Lending Group |
0
|
850
|
-850
|
| Fremont Investment & Loan |
0
|
907
|
-907
|
| LendingTree |
0
|
910
|
-910
|
| First NLC Financial Services |
0
|
916
|
-916
|
| Family First Mortgage Corp. |
0
|
941
|
-941
|
| CFIC Home Mortgage |
0
|
1,000
|
-1,000
|
| Dana Capital Corp. |
0
|
1,000
|
-1,000
|
| First Franklin Financial Corp. (added 4.08.08) |
0
|
1,000
|
-1,000
|
| Secured Funding Group |
0
|
1,000
|
-1,000
|
| HomeBanc Mortgage |
0
|
1,001
|
-1,001
|
| Popular Financial/E-LOAN |
0
|
1,071
|
-1,071
|
| H&R Block Mortgage Corp. |
0
|
1,126
|
-1,126
|
| Option One Mortgage Corp. |
0
|
1,147
|
-1,147
|
| Wells Fargo Home Mortgage |
0
|
1,226
|
-1,226
|
| Delta Financial Corp. |
0
|
1,240
|
-1,240
|
| NovaStar Financial Inc. |
0
|
1,400
|
-1,400
|
| Aegis |
0
|
1,500
|
-1,500
|
| First Horizon Home Loans |
0
|
1,560
|
-1,560
|
| Accredited Home Lenders |
0
|
1,600
|
-1,600
|
| HSBC |
0
|
1,760
|
-1,760
|
| Mortgage Lenders Network USA |
0
|
1,800
|
-1,800
|
| Citigroup |
200
|
1,915
|
-1,715
|
| WMC Mortgage |
0
|
1,776
|
-1,776
|
| SunTrust Banks |
178
|
2,400
|
-2,222
|
| GreenPoint Mortgage Funding |
0
|
2,341
|
-2,341
|
| Lehman Brothers/BNC/Aurora |
0
|
2,450
|
-2,450
|
| National City Corp. |
0
|
2,500
|
-2,500
|
| Ameriquest |
0
|
2,630
|
-2,630
|
| Washington Mutual |
1,000
|
4,580
|
-3,580
|
| Residential Capital LLC |
0
|
4,470
|
-4,470
|
| New Century |
0
|
5,200
|
-5,200
|
| First Magnus |
0
|
5,940
|
-5,940
|
| American Home Mortgage Investment Corp. |
50
|
6,678
|
-6,628
|
| Countrywide Financial Corp. |
2,000
|
13,665
|
-11,665
|
|
Net Job Gain by Company
2007 (reflects only companies with at least 500 hirings)
|
Company
|
Hirings
|
Layoffs
|
Net Job Gain
|
| JPMorgan Chase |
5,270 |
805 |
+4,465 |
|
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Report Authors:
Sam Garcia, Publisher, MortgageDaily.com
Coco Salazar, Associate Editor, MortgageDaily.com
