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Mortgage Employment Index By State – Fourth-Quarter 2010

Mortgage Employment Index By StateFourth-Quarter 2010
Published April 11, 2011

State
Q4 2010 Layoffs Q4 2010 Hirings Q4 2010 Net Q3 2010 Net Q2 2010 Net Q1 2010 Net Q4 2009 Net Q3 2009 Net Q2 2009 Net Q1 2009 Net
(revised)
TOTAL
6,613 2,989 -3,624 -930 +740 +714 +2,854 -710 +8,253
-2,076
Alabama 0 0 0 0 0 30 +30 0 0 0
Alaska 0 0 0 0 0 0 0 0 0 0
Arizona 0 0 0 0 0 +100 -80 +50 35 +20
California 1,303 276 -1,027 134 +91 -161 987 -31 -423 -829
Colorado 0 0 0 0 0 0 0 0 -19 0
Connecticut 0 43 +43 +68 +60 -65 -80 0 50 0
Delaware 0 0 0 0 0 0 0 -65 0 0
Florida 563 368 -195 +164 +248 +289 -63 -1,355 +595 -322
Georgia 0 98 +98 +85 +10 +10 -118 0 0 -20
Hawaii 50 0 -50 0 0 0 0 0 0 0
Idaho 0 0 0 0 0 0 +18 0 0 0
Illinois 8 0 -8 -36 -489 -316 0 0 +388 -2,780
Indiana 0 0 0 +50 +50 0 -10 -22 0 0
Iowa 350 0 -350 -10 0 0 +941 +25 +25 0
Kansas 0 5 +5 0 0 +20 +55 +35 0 0
Kentucky 0 0 0 0 0 +50 0 0 +340 +40
Louisiana 0 65 +65 0 0 0 0 +250 0 0
Maine 0 0 0 0 0 0 0 0 0 0
Maryland 13 25 +12 -67 -292 0 0 0 +25 +25
Massachusetts 25 13 -12 0 0 0 -160 0 0 0
Michigan 154 78 -76 +46 +29 +219 -25 +35 +89 +100
Minnesota 0 0 0 0 0 0 0 0 0 0
Mississippi 0 0 0 0 0 0 0 0 0 -100
Missouri 0 0 0 0 0 0 0 +700 +70 +25
Montana 0 0 0 0 0 0 0 0 0 0
Nebraska 0 0 0 0 -20 0 0 0 0 0
Nevada 0 0 0 0 0 0 0 +20 0 0
New Jersey 9 43 +34 +39 -128 -9 -91 -179 -8 0
New Mexico 0 0 0 0 -80 0 0 0 -105 +25
New York 0 42 +42 +100 -76 -24 -500 +125 +164 -147
North Carolina 242 75 -167 +512 +324 +179 +313 +171 -24 +50
Ohio 0 417 +417 0 +20 -48 -197 +20 +95 -38
Oklahoma 0 5 +5 +43 +43 0 0 0 0 0
Oregon 0 75 +75 -34 0 0 0 0 +38 +38
Pennsylvania 103 200 +97 +42 +34 -20 -5 +150 +125 +100
Rhode Island 0 0 0 +33 +83 +46 0 0 0 0
South Carolina 0 50 +50 0 0 0 0 0 +15 +15
Tennessee 40 150 +110 +150 +310 +10 0 0 0 -70
Texas 0 630 +630 +308 +153 +49 +44 +478 +1,078 0
Utah 0 0 0 0 -12 0 -100 0 0 0
Virginia 25 0 -25 +3 +25 -3 0 0 -291 0
Washington 0 0 0 0 0 -5 -60 -824 +165 -320
Washington, D.C. 0 0 0 +50 +50 +50 +50 +50 0 0
Wisconsin 0 0 0 0 +43 0 0 0 +200 -80
West Virginia 0 0 0 0 0 0 0 0 0 0
National (no state identified)
3,728 331 -3,397 -2,610 +264 +313 +1,905 -343 +5,626 2,192
TOTAL
6,613 2,989 -3,624 -930 +740 +714 2,854 -710 +8,253
-2,076
State
Q4 2010 Layoffs Q4 2010 Hirings Q4 2010 Net
Q3 2010 Net
Q2 2010 Net
Q1 2010 Net
Q4 2009 Net
Q3 2009 Net
Q2 2009 Net
Q1 2009
Net
(revised)

Q4-2010 Notes

  • Positive figures represent net job gains.

  • Negative figures represent net job losses.

  • Reflects mortgage layoffs, hirings and mortgage company closings tracked from Oct. 1, 2010, to Dec. 31, 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 by Company
Fourth-Quarter 2010

Company
Layoffs
Hirings
Net Job Change
Advanced Call Center Technologies 0 150 +150
Affiliated Mortgage Co. 0 65 +65
Bank of America Corp. 300 100 -200
Bank of New York Mellon 9 0 -9
Brand Mortgage Group 0 13 +13
Capital One 15 0 -15
David J. Stern 560 0 -560
Digital Risk LLC 0 50 +50
FBC Mortgage LLC 0 18 +18
First Mortgage Corp. 0 31 +31
First Preferred Mortgage Co. 0 50 +50
First Tennessee Bank, N.A. 40 0 -40
Flagstar Bancorp Inc. 7 0 -7
Foundation Financial Group 0 85 +85
Freddie Mac 50 0 -50
Gold Star Mortgage Financial Group 0 56 +56
Great Oak Lending Partners 0 25 +25
Hancock Bank 1 0 -1
IBM 0 75 +75
JPMorgan Chase & Co. 0 759 +759
LeaderOneFinancial 0 5 +5
LendingTree LLC 0 200 +200
loanDepot.com 0 75 +75
MetLife 0 582 +582
Mortgage Masters Inc. 0 25 +25
Nextier Bank 10 0 -10
NorthStar Alliance Inc. 50 0 -50
Ocwen Financial Corp. 1,147 0 -1,147
Quicken Loans Inc. 300 0 -300
Skyline Financial Corp. 0 45 +45
Stewart Lender Services 0 50 +50
The PNC Financial Group Inc. 8 400 +392
Toronto-Dominion Bank 0 50 +50
Urban Financial Group 0 5 +5
Virgin Money USA Inc. 25 0 -25
Wells Fargo & Co. 4,091 0 -4,091
Wingspan Portfolio Advisors 0 75 +75
TOTAL
6,613 2,989 -3,624
Company
Layoffs
Hirings
Net Job Change
4th-Quarter 2010 Mortgage Employment Index


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