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Mortgage Employment By State First Quarter 2009

Mortgage Employment By StateFirst Quarter 2009
Published May 4, 2009


State
Q1 2009
Layoffs
Q1 2009
Hirings
Q1 2009
Net
2008 Net
(revised)
2007 Net
(revised)
TOTAL
(updated May 13)
10,953
8,877
-2,076
-36,799
-87,131
-2,746
Alaska 0 0 0 0
+10
0
Arizona 0 20 +20 -311
-2,505
3,791
California 901 72 -829 -8133
-16,433
-5,397
Colorado 0 0 0 -183
+4
+44
Connecticut 0 0 0 -65
-1,698
+426
Delaware 0 0 0 0
+200
-153
Florida 493 171 -322 -2651
-2,507
-444
Georgia 75 55 -20 -363
-1,623
+19
Idaho 0 0 0 0
-49
0
Illinois 2,785 5 -2,780 -752
-1,738
-127
Indiana 0 0 0 -204
-694
-650
Iowa 0 0 0 -605
-85
+2,000
Kansas 0 0 0 -225
-60
0
Kentucky 0 40 +40 160
-530
+273
Louisiana 0 0 0 0
+130
0
Maine 0 0 0 -90
0
0
Maryland 0 25 +25 -90
-285
+100
Massachusetts 0 0 0 100
+47
+150
Michigan 0 100 +100 -324
-109
+350
Minnesota 0 0 0 -1125
-309
0
Mississippi 100 0 -100 -25 0 0
Missouri 0 25 +25 -253
-655
-25
Montana 0 0 0 -80
0
0
Nebraska 0 0 0 0
0
+150
Nevada 0 0 0 -10
-547
0
New Jersey 0 0 0 -1661
-697
-17
New Mexico 0 25 +25 -37 0 0
New York 180 33 -147 -687
-2,071
+459
North Carolina 0 50 +50 -270
-964
+675
Ohio 38 0 -38 -583
-845
-24
Oklahoma 0 0 0 50
0
0
Oregon 0 38 +38 -201
-91
0
Pennsylvania 50 150 +100 -722
-313
-47
Rhode Island 0 0 0 0
0
0
South Carolina 0 15 +15 15
-900
-31
Tennessee 70 0 -70 -245
-135
-125
Texas 0 0 0 -450
+145
+1,375
Utah 0 0 0 18
-36
0
Virginia 0 0 0 -78
-118
-203
Washington 340 20 -320 -949
-745
-1,260
Washington, D.C. 0 0 0 300 0 0
Wisconsin 107 27 -80 -311
-33
-470
West Viginia 0 0 0 -32 0 0
National
(updated May 13)
5,814 8,006 2,192 -15,727
-50,892
-3,585
TOTAL
(updated May 13)
10,953
8,877
-2,076
-36,799
-87,131
-2,746
Layoffs
Q1 2009
Hirings
Q1 2009
Net
Q1 2009

Net
2008
(revised)

Net
2007
(revised)

Net
2006

Q1 2009 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, 2009, to March 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 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.

  • 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 number were estimated.

    When bank-wide layoffs were reported, 10% was typically used as the mortgage share.

  • 5.13.09 added 325 1st Metropolitan layoffs.

Net Job Losses (-) or Increases (+) by Company
Fist Quarter 2009

Company
Layoffs
Hirings
Net Job Change
1st Metropolitan Mortgage (added May 13) 325 0 -325
1st Repbulic Mortgage Bankers 50 0 -50
Accredited Home Lenders 91 0 -91
Alpine Mortgage Planing 0 38 +38
AmeriCU Mortgage 0 45 +45
Bank of America Corp. 50 2,500 +2,450
Central States Mortgage 107 0 -107
Citigroup Inc. 1,400 0 -1,400
EverBank Financial 0 82 +82
Expert Financing 0 44 +44
Fidelity Bank 0 55 +55
First Security Loan Corp. 35 0 -35
FirstFed Financial Corp. 62 0 -62
Flagstar Bancorp Inc.
155
0
-155
Frost Mortgage Lending Group
0
25
+25
HomeBanc
0
20
+20
Homebridge Mortgage Bankers Corp.
170
0
-170
HSBC
5,400
0
-5,400
Huntington Bancshares Inc. 50 0 -50
IBM Lender Business Process 0 50 +50
JPMorgan Chase & Co. 1,813 144 -1,669
Lendability.com 0 20 +20
LoanWell 0 100 +100
Mid-Island Mortgage Corp. 0 25 +25
NetMore America Inc. 0 20 +20
New Penn Financial LLC 0 25 +25
Next Generation Financial Services 0 25 +25
PHH Mortgage 350 0 -350
PNC Financial Services 75 0 -75
Popular Mortgage Corp. 100 0 -100
Realty Mortgage Corp. 270 0 -270
Residental Captial LLC 0 250 +250
Residential Loan Centers of America 200 0 -200
ServiceLink 0 150 +150
Shore Mortgage 0 100 +100
Sovereign Bank 100 0 -100
Sunshine Mortgage Corp. 150 0 -150
SurePoint Lending 0 75 +75
Titanium Holdings Inc. 0 15 +15
USA Mortgage 0 25 +25
Value Financial 0 44 +44
Wells Fargo & Co. 0 5,000 +5,000
TOTAL
(updated May 13)
10,953
8,877
-2,076


Mortgage Employment Index main |
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2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006

Report Author:
Sam Garcia, Publisher, MortgageDaily.com

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