Mortgage Daily

Published On: November 29, 2010
Mortgage Employment Index By StateThird-Quarter 2010
Published Nov. 29, 2010

State
Q3 2010 Layoffs Q3 2010 Hirings Q3 2010 Net Q2 2010 Net Q1 2010 Net Q4 2009 Net Q3 2009 Net Q2 2009 Net Q1 2009 Net
(revised)
TOTAL
3,216 2286 -930 +740 +714 +2,854 -710 +8,253
-2,076
Alabama 0 0 0 0 30 +30 0 0 0
Alaska 0 0 0 0 0 0 0 0 0
Arizona 0 0 0 0 +100 -80 +50 35 +20
California 147 281 134 +91 -161 987 -31 -423 -829
Colorado 0 0 0 0 0 0 0 -19 0
Connecticut 0 68 +68 +60 -65 -80 0 50 0
Delaware 0 0 0 0 0 0 -65 0 0
Florida 6 170 +164 +248 +289 -63 -1,355 +595 -322
Georgia 0 85 +85 +10 +10 -118 0 0 -20
Idaho 0 0 0 0 0 +18 0 0 0
Illinois 36 0 -36 -489 -316 0 0 +388 -2,780
Indiana 0 50 +50 +50 0 -10 -22 0 0
Iowa 10 0 -10 0 0 +941 +25 +25 0
Kansas 0 0 0 0 +20 +55 +35 0 0
Kentucky 0 0 0 0 +50 0 0 +340 +40
Louisiana 0 0 0 0 0 0 +250 0 0
Maine 0 0 0 0 0 0 0 0 0
Maryland 67 0 -67 -292 0 0 0 +25 +25
Massachusetts 0 0 0 0 0 -160 0 0 0
Michigan 5 51 +46 +29 +219 -25 +35 +89 +100
Minnesota 0 0 0 0 0 0 0 0 0
Mississippi 0 0 0 0 0 0 0 0 -100
Missouri 0 0 0 0 0 0 +700 +70 +25
Montana 0 0 0 0 0 0 0 0 0
Nebraska 0 0 0 -20 0 0 0 0 0
Nevada 0 0 0 0 0 0 +20 0 0
New Jersey 11 50 +39 -128 -9 -91 -179 -8 0
New Mexico 0 0 0 -80 0 0 0 -105 +25
New York 0 100 +100 -76 -24 -500 +125 +164 -147
North Carolina 0 512 +512 +324 +179 +313 +171 -24 +50
Ohio 0 0 0 +20 -48 -197 +20 +95 -38
Oklahoma 0 43 +43 +43 0 0 0 0 0
Oregon 109 75 -34 0 0 0 0 +38 +38
Pennsylvania 7 49 +42 +34 -20 -5 +150 +125 +100
Rhode Island 0 33 +33 +83 +46 0 0 0 0
South Carolina 0 0 0 0 0 0 0 +15 +15
Tennessee 0 150 +150 +310 +10 0 0 0 -70
Texas 0 308 +308 +153 +49 +44 +478 +1,078 0
Utah 0 0 0 -12 0 -100 0 0 0
Virginia 13 16 +3 +25 -3 0 0 -291 0
Washington 0 0 0 0 -5 -60 -824 +165 -320
Washington, D.C. 0 50 +50 +50 +50 +50 +50 0 0
Wisconsin 0 0 0 +43 0 0 0 +200 -80
West Virginia 0 0 0 0 0 0 0 0 0
National (no state identified)
2,805 195 -2,610 +264 +313 +1,905 -343 +5,626 2,192
TOTAL
3,216 2286 -930 +740 +714 2,854 -710 +8,253
-2,076
State
Q3 2010 Layoffs Q3 2010 Hirings Q3 2010 Net
Q2 2010 Net
Q1 2010 Net
Q4 2009 Net
Q3 2009 Net
Q2 2009 Net
Q1 2009
Net
(revised)

Q3 2010 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, 2010, to Sept. 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 Third-Quarter 2010

Company
Layoffs
Hirings
Net Job Change
Advanced Call Center Technologies 0 150 +150
AMS Servicing LLC 0 50 +50
Bank of America Corp. 44 0 -44
Bank of New York Mellon 3 0 -3
Capital One Bank 6 0 -6
Citizens Financial Group 0 33 +33
Digital Risk LLC 0 80 +80
First California Mortgage 0 70 +70
First Mortgage Corp. 134 0 -134
First Preferred Mortgage Co. 0 7 +7
Flagstar Bancorp Inc. 10 0 -10
Foundation Financial Group 0 85 +85
GMAC Mortgage LLC 0 66 +66
Gold Star Mortgage Financial Group 0 44 +44
Hancock Bank 1 0 -1
Harris, N.A. 34 0 -34
IBM 0 150 +150
J.I. Kislak Mortgage LLC 0 90 +90
JPMorgan Chase & Co. 56 267 +211
loanDepot.com 0 141 +141
Luxury Mortgage Corp. 0 18 +18
MetLife Bank 0 224 +224
Michaelson, Connor & Boul Inc. 0 43 +43
MOS Group 0 25 +25
Neighborhood Assistance Corporation of America 0 250 +250
Ovation Home Loans 0 45 +45
Pan American Mortgage LLC 2 0 -2
The PNC Financial Group Inc. 7 0 -7
Service 1st Valuation and Settlement Services Inc. 0 16 +16
ServiceLink 0 16 +16
StreetLinks National Appraisal Services 0 50 +50
U.S. Bank 0 0 0
U.S. Department of Housing and Urban Development 0 100 +100
United Tech Lender Services Inc. 0 50 +50
Wealthbridge Mortgage 109 0 -109
Wells Fargo & Co. 2,810 0 -2,810
Wingspan Portfolio Advisors 0 29 +29
Zenta Mortgage Services 0 187 +187
TOTAL
3,216 2286 -930
Company
Layoffs
Hirings
Net Job Change
3rd-Quarter 2010 Mortgage Employment Index


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

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN