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Mortgage Employment Index By State – Second-Quarter 2010

Mortgage Employment Index By StateSecond-Quarter 2010
Published Nov. 29, 2010

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State
Layoffs Q2 2010 Hirings Q2 2010 Q2 2010 Net Q1 2010 Net Q4 2009 Net Q3 2009 Net Q2 2009 Net Q1 2009 Net
(revised)
TOTAL
2028 2768 +740 +714 +2,854 -710 +8,253
-2,076
Alabama 0 0 0 30 +30 0 0 0
Alaska 0 0 0 0 0 0 0 0
Arizona 0 0 0 +100 -80 +50 35 +20
California 207 298 +91 -161 987 -31 -423 -829
Colorado 0 0 0 0 0 0 -19 0
Connecticut 0 60 +60 -65 -80 0 50 0
Delaware 0 0 0 0 0 -65 0 0
Florida 1 249 +248 +289 -63 -1,355 +595 -322
Georgia 0 10 +10 +10 -118 0 0 -20
Idaho 0 0 0 0 +18 0 0 0
Illinois 489 0 -489 -316 0 0 +388 -2,780
Indiana 0 50 +50 0 -10 -22 0 0
Iowa 0 0 0 0 +941 +25 +25 0
Kansas 0 0 0 +20 +55 +35 0 0
Kentucky 0 0 0 +50 0 0 +340 +40
Louisiana 0 0 0 0 0 +250 0 0
Maine 0 0 0 0 0 0 0 0
Maryland 292 0 -292 0 0 0 +25 +25
Massachusetts 0 0 0 0 -160 0 0 0
Michigan 37 66 +29 +219 -25 +35 +89 +100
Minnesota 0 0 0 0 0 0 0 0
Mississippi 0 0 0 0 0 0 0 -100
Missouri 0 0 0 0 0 +700 +70 +25
Montana 0 0 0 0 0 0 0 0
Nebraska 20 0 -20 0 0 0 0 0
Nevada 0 0 0 0 0 +20 0 0
New Jersey 170 42 -128 -9 -91 -179 -8 0
New Mexico 80 0 -80 0 0 0 -105 +25
New York 118 42 -76 -24 -500 +125 +164 -147
North Carolina 95 419 +324 +179 +313 +171 -24 +50
Ohio 0 20 +20 -48 -197 +20 +95 -38
Oklahoma 0 43 +43 0 0 0 0 0
Oregon 0 0 0 0 0 0 +38 +38
Pennsylvania 0 34 +34 -20 -5 +150 +125 +100
Rhode Island 0 83 +83 +46 0 0 0 0
South Carolina 0 0 0 0 0 0 +15 +15
Tennessee 0 310 +310 +10 0 0 0 -70
Texas 8 161 +153 +49 +44 +478 +1,078 0
Utah 12 0 -12 0 -100 0 0 0
Virginia 0 25 +25 -3 0 0 -291 0
Washington 0 0 0 -5 -60 -824 +165 -320
Washington, D.C. 0 50 +50 +50 +50 +50 0 0
Wisconsin 107 150 +43 0 0 0 +200 -80
West Virginia 0 0 0 0 0 0 0 0
National (no state identified)
392 656 +264 +313 +1,905 -343 +5,626 2,192
TOTAL
2028 2768 +740 +714 2,854 -710 +8,253
-2,076
State
Layoffs Q2 2010 Hirings Q2 2010 Q2 2010 Net
Q1 2010 Net
Q4 2009 Net
Q3 2009 Net
Q2 2009 Net
Q1 2009
Net
(revised)

Q2 2010 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, 2010, to June 30, 2010, 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 2010

Company
Layoffs
Hirings
Net Job Change
Advanced Call Center Technologies 0 300 +300
Advanta Corp. 12 0 -12
Amplify Credit Union 0 3 +3
Anchor Bancorp Wisconsin Inc. 7 0 -7
Bank of America Corp. 5 0 -5
BB&T Corp. 25 0 -25
Beal Financial Corp. 80 0 -80
Capital One Bank 17 0 -17
Citigroup Inc. 550 0 -550
Citizens Financial Group 0 33 +33
Digital Risk LLC 0 205 +205
Equitable Reverse Mortgage Co. 35 0 -35
Expert Group Inc. 0 44 +44
Fairway Independent Mortgage Corp. 0 150 +150
Federal Deposit Insurance Corporation 0 300 +300
Fifth Third Bank 0 10 +10
First Interstate Financial Corp. 170 0 -170
First Preferred Mortgage Co. 0 7 +7
FirstMerit Corp. 11 0 -11
Flagstar Bancorp Inc. 18 0 -18
GMAC Mortgage LLC 209 66 -143
Gold Star Mortgage Financial Group 0 44 +44
GoodMortgage.com 0 15 +15
Hall Financial 0 15 +15
Hancock Bank 1 0 -1
HSBC Mortgage Corp. 80 0 -80
Huntington Bank 0 20 +20
JPMorgan Chase & Co. 27 483 +456
Lakeside Community Bank 1 0 -1
loanDepot.com 0 203 +203
Luxury Mortgage Corp. 0 18 +18
Meridian Bank 0 18 +18
MetLife Bank 16 0 -16
Michaelson, Connor & Boul Inc. 0 43 +43
MOS Group 0 25 +25
Neighborhood Assistance Corporation of America 0 273 +273
Ovation Home Loans 0 70 +70
Pan American Mortgage LLC 443 0 -443
Saxon Mortgage Services 100 0 -100
SecoLink Settlement Services 38 0 -38
Semper Home Loans 0 50 +50
Service 1st Valuation and Settlement Services Inc. 0 16 +16
ServiceLink 0 25 +25
The StoneHill Group 0 10 +10
StreetLinks National Appraisal Services 0 50 +50
TierOneBank 20 0 -20
United Tech Lender Services Inc. 0 12 +12
Universal Mortgage Corp. 100 0 -100
U.S. Bank 22 0 -22
U.S. Department of Housing and Urban Development 0 100 +100
Wells Fargo & Co. 41 0 -41
Wingspan Portfolio Advisors 0 29 +29
Zenta Mortgage Services 0 131 +131
TOTAL
2028 2768 +740
Company
Layoffs
Hirings
Net Job Change


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