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Mortgage Employment By State – Second Quarter 2009

Mortgage Employment By StateSecond Quarter 2009
Published Aug. 10, 2009


State
Layoffs
Q2 2009
Hirings
Q2 2009
Net
Q2 2009
Q1 2009
Net
(revised)
2008 Net
(revised)
2007 Net
(revised)
TOTAL
3,229 11,482 +8,253
-2,076
-36,799
-87,131
-2,746
Alaska 0 0 0 0 0
+10
0
Arizona 0 35 35 +20 -311
-2,505
3,791
California 553 130 -423 -829 -8133
-16,433
-5,397
Colorado 24 5 -19 0 -183
+4
+44
Connecticut 0 50 50 0 -65
-1,698
+426
Delaware 0 0 0 0 0
+200
-153
Florida 154 749 +595 -322 -2651
-2,507
-444
Georgia 0 0 0 -20 -363
-1,623
+19
Idaho 0 0 0 0 0
-49
0
Illinois 12 400 +388 -2,780 -752
-1,738
-127
Indiana 0 0 0 0 -204
-694
-650
Iowa 0 25 +25 0 -605
-85
+2,000
Kansas 0 0 0 0 -225
-60
0
Kentucky 0 340 +340 +40 160
-530
+273
Louisiana 0 0 0 0 0
+130
0
Maine 0 0 0 0 -90
0
0
Maryland 0 25 +25 +25 -90
-285
+100
Massachusetts 0 0 0 0 100
+47
+150
Michigan 31 120 +89 +100 -324
-109
+350
Minnesota 0 0 0 0 -1125
-309
0
Mississippi 0 0 0 -100 -25 0 0
Missouri 0 70 +70 +25 -253
-655
-25
Montana 0 0 0 0 -80
0
0
Nebraska 0 0 0 0 0
0
+150
Nevada 0 0 0 0 -10
-547
0
New Jersey 8 0 -8 0 -1661
-697
-17
New Mexico 130 25 -105 +25 -37 0 0
New York 0 164 +164 -147 -687
-2,071
+459
North Carolina 729 705 -24 +50 -270
-964
+675
Ohio 50 145 +95 -38 -583
-845
-24
Oklahoma 0 0 0 0 50
0
0
Oregon 0 38 +38 +38 -201
-91
0
Pennsylvania 74 199 +125 +100 -722
-313
-47
Rhode Island 0 0 0 0 0
0
0
South Carolina 0 15 +15 +15 15
-900
-31
Tennessee 0 0 0 -70 -245
-135
-125
Texas 75 1,153 +1,078 0 -450
+145
+1,375
Utah 0 0 0 0 18
-36
0
Virginia 291 0 -291 0 -78
-118
-203
Washington 5 170 +165 -320 -949
-745
-1,260
Washington, D.C. 0 0 0 0 300 0 0
Wisconsin 0 200 +200 -80 -311
-33
-470
West Virginia 0 0 0 0 -32 0 0
National
1,093 6,719 +5,626 2,192 -15,727
-50,892
-3,585
TOTAL
3,229 11,482 +8,253
-2,076
-36,799
-87,131
-2,746
Layoffs
Q2 2009
Hirings
Q2 2009
Net
Q2 2009

Net
Q1 2009
(revised)

Net
2008
(revised)

Net
2007
(revised)

Net
2006

Q2 2009 Notes

  • Positive figures represent net job gains.

  • Negative figures represent net job losses.

  • Reflects mortgage layoffs, hirings and mortgage company closings tracked from April 1, 2009, to June 30, 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
Second Quarter 2009

Company
Layoffs
Hirings
Net Job Change
Alpine Mortgage Planing 0 38 +38
AMCORE Financial Inc. 12 0 -12
American General Financial Services 500 0 -500
American Home Mortgage Servicing Inc. 210 500 +290
Ameritrust Mortgage 0 40 +40
Bank of America Corp. 44 2,500 +2,456
Bank of the West 11 0 -11
Capstone Realty Advisors 50 0 -50
EquiFirst Corp. 548 0 -548
EverBank Financial 0 208 +208
Expert Group 0 7 +7
Federal Deposit Insurance Corporation 0 500 +500
Flagstar Bancorp Inc. 62 0 -62
Frost Mortgage Lending Group 0 25 +25
Golf Savings Bank 0 170 +170
GoodMortgage.com 0 40 +40
HFF Inc. 24 0 -24
IBM Lender Business Process 0 50 +50
IndyMac Federal Bank, FSB 25 0 -25
JPMorgan Chase & Co. 658 4,038 +3,380
LandAmerica Financial Group Inc. 291 0 -291
Lendability.com 0 20 +20
LoanWell America Inc. 0 100 +100
MetLife Bank 0 855 +855
Mid-Island Mortgage Corp. 0 25 +25
Miller Tabak Robert Securities 0 8 +8
Neighborhood Assistance Corporation of America 0 550 +550
New Frontier Bank 24 0 -24
New Penn Financial LLC 0 25 +25
Next Generation Financial Services 0 25 +25
Paramount Residential Mortgage Group Inc. 0 100 +100
PMI Mortgage Insurance Co. 35 0 -35
The PNC Financial Services Group Inc. 75 498 +423
Quicken Loans Inc. 0 150 +150
Residential Capital LLC 0 250 +250
Sovereign Bank 100 0 -100
State Street Bank & Trust 8 0 -8
SurePoint Lending 0 75 +75
Thornburg Mortgage Inc. 130 0 -130
Titanium Holdings Inc. 0 15 +15
Total Mortgage Services 0 50 +50
U.S. Bank 40 300 +260
United Guaranty Corp. 80 0 -80
USA Mortgage 0 70 +70
Value Financial 0 50 +50
Wells Fargo & Co. 302 200 -102
TOTAL
3,229 11,482 +8,253


Mortgage Employment Index main |
2017 |
2016 | 2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006

Report Author:
Sam Garcia, Publisher, MortgageDaily.com

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