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Mortgage Employment By State – Full-Year and Fourth-Quarter 2009

Mortgage Employment By StateFull-Year and Fourth-Quarter 2009
Published Feb. 15, 2010


State
Layoffs
Full-Year 2009
Hirings
Full-Year 2009
Full-Year 2009 Net Layoffs
Q4 2009
Hirings
Q4 2009
Q4 2009 Net Q3 2009 Net Q2 2009 Net Q1 2009
Net
(revised)
TOTAL
22,578 30,899 +8,321 2,995 5,849 +2,854 -710 +8,253
-2,076
Alabama 0 30 30 0 30 +30 0 0 0
Alaska 0 0 00 0 0 0 0 0 0
Arizona 230 255 25 230 150 -80 +50 35 +20
California 1,973 1,677 -296 313 1,300 987 -31 -423 -829
Colorado 24 5 -19 0 0 0 0 -19 0
Connecticut 100 70 -30 100 20 -80 0 50 0
Delaware 65 0 -65 0 0 0 -65 0 0
Florida 2,605 1,460 -1,145 255 192 -63 -1,355 +595 -322
Georgia 193 55 -138 118 0 -118 0 0 -20
Idaho 0 18 18 0 18 +18 0 0 0
Illinois 2,797 405 -2,392 0 0 0 0 +388 -2,780
Indiana 72 40 -32 50 40 -10 -22 0 0
Iowa 34 1,025 991 34 975 +941 +25 +25 0
Kansas 0 90 90 0 55 +55 +35 0 0
Kentucky 0 380 380 0 0 0 0 +340 +40
Louisiana 0 250 250 0 0 0 +250 0 0
Maine 0 0 0 0 0 0 0 0 0
Maryland 0 50 50 0 0 0 0 +25 +25
Massachusetts 160 0 -160 160 0 -160 0 0 0
Michigan 153 352 199 50 25 -25 +35 +89 +100
Minnesota 0 0 0 0 0 0 0 0 0
Mississippi 100 0 -100 0 0 0 0 0 -100
Missouri 0 795 795 0 0 0 +700 +70 +25
Montana 0 0 0 0 0 0 0 0 0
Nebraska 0 0 0 0 0 0 0 0 0
Nevada 0 20 20 0 0 0 +20 0 0
New Jersey 278 0 -278 91 0 -91 -179 -8 0
New Mexico 130 50 -80 0 0 0 0 -105 +25
New York 780 422 -358 600 100 -500 +125 +164 -147
North Carolina 871 1,381 510 0 313 +313 +171 -24 +50
Ohio 285 165 -120 197 0 -197 +20 +95 -38
Oklahoma 0 00 0 0 0 0 0 0 0
Oregon 0 76 76 0 0 0 0 +38 +38
Pennsylvania 129 499 370 5 0 -5 +150 +125 +100
Rhode Island 0 0 00 0 0 0 0 0 0
South Carolina 0 30 30 0 0 0 0 +15 +15
Tennessee 70 0 -70 0 0 0 0 0 -70
Texas 122 1,722 1,600 47 91 +44 +478 +1,078 0
Utah 100 0 -100 100 0 -100 0 0 0
Virginia 291 0 -291 0 0 0 0 -291 0
Washington 1,429 390 -1,039 60 0 -60 -824 +165 -320
Washington, D.C. 0 100 100 0 50 +50 +50 0 0
Wisconsin 107 227 120 0 0 0 0 +200 -80
West Virginia 0 0 0 0 0 0 0 0 0
National
9,480 18,860 +9,380 585 2,490 +1,905 -343 +5,626 2,192
TOTAL
22,578 30,899 +8,321 2,995 5,849 2,854 -710 +8,253
-2,076
State
Layoffs
Full-Year 2009
Hirings
Full-Year 2009
Full-Year 2009 Net
Layoffs
Q4 2009
Hirings
Q4 2009
Q4 2009 Net
Q3 2009 Net
Q2 2009 Net
Q1 2009
Net
(revised)

Q4 2009 Notes

  • Positive figures represent net job gains.

  • Negative figures represent net job losses.

  • Reflects mortgage layoffs, hirings and mortgage company closings tracked from Oct. 1, 2009, to Dec. 31, 2009, 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
Fourth Quarter 2009

Company
Layoffs
Hirings
Net Job Change
AME Financial Corp. 136 0 -136
AmTrust Bank 27 0 -27
Bank of America Corp. 12 2,500 +2,488
Bank of Blue Valley 0 20 +20
Capital Mortgage Services 0 37 +37
Digital Risk LLC 0 130 +130
Discount Mortgage Relief 0 150 +150
Dynamic Capital Mortgage 160 0 -160
Envision Lending Group 100 0 -100
Expert Group Inc. 0 44 +44
Fifth Third Bank 0 25 +25
First American Real Estate Tax 34 0 -34
First National Bank of Chester County 5 0 -5
Flagstar Bancorp Inc. 100 0 -100
Freedom Mortgage Resolutions Inc. 100 0 -100
GMAC Financial Services 0 100 +100
GoodMortgage.com 0 15 +15
HSBC 9 0 -9
IBERIABANK Mortgage Co. 0 36 +36
JPMorgan Chase & Co. 173 240 +67
Lend America 600 100 -500
The Lending Co. 230 0 -230
Luxury Mortgage Corp. 0 20 +20
MetLife Bank 94 0 -94
MOS Group 0 25 +25
Neighborhood Assistance Corporation of America 0 273 +273
North South East West Mortgage 0 35 +35
Northeast Mortgage Corp. 100 0 -100
The PNC Financial Services Group Inc. 340 0 -340
Stockton Turner & Co. 500 0 -500
StreetLinks 0 40 +40
Superior Bank 0 30 +30
U.S. Bank 129 0 -129
U.S. Department of Housing and Urban Development 0 100 +100
Wells Fargo & Co. 146 1,900 +1,754
Wingspan Portfolio Advisors 0 29 +29
TOTAL
2,995 5,849 2,854

 



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Report Author:
Sam Garcia, Publisher, MortgageDaily.com

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