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Mortgage Employment By State – Third-Quarter 2009

Mortgage Employment By StateThird-Quarter 2009
Published Nov. 9, 2009

State
Layoffs
Q3 2009
Hirings
Q3 2009
Net
Q3 2009
Q2 2009 Q1 2009
Net
(revised)
2008 Net
(revised)
2007 Net
(revised)
TOTAL
5,401 4,691 -710 +8,253
-2,076
-36,799
-87,131
-2,746
Alaska 0 0 0 0 0 0
+10
0
Arizona 0 50 +50 35 +20 -311
-2,505
3,791
California 206 175 -31 -423 -829 -8133
-16,433
-5,397
Colorado 0 0 0 -19 0 -183
+4
+44
Connecticut 0 0 0 50 0 -65
-1,698
+426
Delaware 65 0 -65 0 0 0
+200
-153
Florida 1,703 348 -1,355 +595 -322 -2651
-2,507
-444
Georgia 0 0 0 0 -20 -363
-1,623
+19
Idaho 0 0 0 0 0 0
-49
0
Illinois 0 0 0 +388 -2,780 -752
-1,738
-127
Indiana 22 0 -22 0 0 -204
-694
-650
Iowa 0 25 +25 +25 0 -605
-85
+2,000
Kansas 0 35 +35 0 0 -225
-60
0
Kentucky 0 0 0 +340 +40 160
-530
+273
Louisiana 0 250 +250 0 0 0
+130
0
Maine 0 0 0 0 0 -90
0
0
Maryland 0 0 0 +25 +25 -90
-285
+100
Massachusetts 0 0 0 0 0 100
+47
+150
Michigan 72 107 +35 +89 +100 -324
-109
+350
Minnesota 0 0 0 0 0 -1125
-309
0
Mississippi 0 0 0 0 -100 -25 0 0
Missouri 0 700 +700 +70 +25 -253
-655
-25
Montana 0 0 0 0 0 -80
0
0
Nebraska 0 0 0 0 0 0
0
+150
Nevada 0 20 +20 0 0 -10
-547
0
New Jersey 179 0 -179 -8 0 -1661
-697
-17
New Mexico 0 0 0 -105 +25 -37 0 0
New York 0 125 +125 +164 -147 -687
-2,071
+459
North Carolina 142 313 +171 -24 +50 -270
-964
+675
Ohio 0 20 +20 +95 -38 -583
-845
-24
Oklahoma 0 0 0 0 0 50
0
0
Oregon 0 0 0 +38 +38 -201
-91
0
Pennsylvania 0 150 +150 +125 +100 -722
-313
-47
Rhode Island 0 0 0 0 0 0
0
0
South Carolina 0 0 0 +15 +15 15
-900
-31
Tennessee 0 0 0 0 -70 -245
-135
-125
Texas 0 478 +478 +1,078 0 -450
+145
+1,375
Utah 0 0 0 0 0 18
-36
0
Virginia 0 0 0 -291 0 -78
-118
-203
Washington 1,024 200 -824 +165 -320 -949
-745
-1,260
Washington, D.C. 0 50 +50 0 0 300 0 0
Wisconsin 0 0 0 +200 -80 -311
-33
-470
West Virginia 0 0 0 0 0 -32 0 0
National
1,988 1,645 -343 +5,626 2,192 -15,727
-50,892
-3,585
TOTAL
5,401 4,691 -710 +8,253
-2,076
-36,799
-87,131
-2,746
Layoffs
Q3 2009
Hirings
Q3 2009
Net
Q3 2009

Net
Q2 2009

Net
Q1 2009
(revised)

Net
2008
(revised)

Net
2007
(revised)

Net
2006

Q3 2009 Notes

  • Positive figures represent net job gains.

  • Negative figures represent net job losses.

  • Reflects mortgage layoffs, hirings and mortgage company closings tracked from July 1, 2009, to Sep. 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
Third Quarter 2009

Company
Layoffs
Hirings
Net Job Change
1st Reverse Financial Services LLC 65 0 -65
American Home Mortgage Servicing Inc. 0 500 +500
America One Finance Inc. 2,000 0 -2,000
American Partners Bank 22 0 -22
Banco Popular North America 10 0 -10
Bank of America Corp. 8 0 -8
Bankers West Funding Corp. 75 0 -75
CitiMortgage 0 1,400 +1,400
Community Bancorp subsidiary, Community Bank of Nevada 0 20 +20
Digital Risk LLC 0 260 +260
Discount Mortgage Relief 0 50 +50
Expert Group Inc. 0 44 +44
Fifth Third Bank 0 7 +7
Flagstar Bancorp Inc. 30 0 -30
GoodMortgage.com 0 15 +15
HSBC 12 0 -12
JPMorgan Chase & Co. 81 650 +569
KeyCorp 24 0 -24
Loan Network LLC 0 400 +400
MetLife Bank 0 339 +339
MOS Group 0 150 +150
Neighborhood Assistance Corporation of America 0 273 +273
North South East West Mortgage 0 35 +35
The PNC Financial Services Group Inc. 500 0 -500
Residential Capital LLC 0 250 +250
Residential Finance Corp. 0 20 +20
Shore Mortgage 0 100 +100
Taylor, Bean and Whitaker Mortgage Corp. 2,000 0 -2,000
U.S. Bank 44 0 -44
U.S. Department of Housing and Urban Development 0 100 +100
United Guaranty Corp. 80 0 -80
Value Financial 0 44 +44
Wells Fargo & Co. 213 0 -213
Wingspan Portfolio Advisors 0 34 +34
World Alliance Financial Corp. 62 0 -62
Worldwide Financial Resources Inc. 175 0 -175
TOTAL
5,401 4,691 -710


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