Patrick Collands wrote: collands (AT) gmail com
I'd be very grateful for an invitation.
Thank you.
Nov. 29, 2009 12:37 PM EST
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Did you read today's front page stories & breaking news?
SYS-CON.TV
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From the Wires
Over 9,000 Mortgage Layoffs in Q3
By: PR Newswire
Oct. 6, 2008 08:00 AM
From
Period Net Job Change
Q3 2008 -9,135
Q2 2008(revised) -4,578
Q3 2007 -49,451
Hirings and layoffs tracked by MortgageDaily.com generally involved at least 50 people. The findings were based on an analysis of 38 companies that either added or eliminated employees. The report also reflected jobs lost when companies collapsed. California had the biggest mortgage job losses of any state.
Top 5 States
Rank State Net Job Losses
1. California -1,914
2. New Jersey -495
3. Pennsylvania -266
4. Illinois -245
5. Iowa -190
With a net increase of 300, Washington, D.C., saw the biggest gain.
Residential Capital LLC had more layoffs than any other company.
Top 5 Companies
Rank Company Net Job Losses
1. ResCap -3,239
2. IndyMac Bank FSB -3,050
3. Wachovia Corp. -625
4. Mid Atlantic Capital LLC -600
5. Carteret Mortgage Corp. -400
Government reports indicate that mortgage employment this year has gone
from 358,500 on The organization with the biggest net job increase was HUD, which indicated it would add 300 jobs to meet growing FHA demand. Not included in the third-quarter figures were potential layoffs from JPMorgan Chase & Co.'s acquisition of failed Washington Mutual Bank, which has more than 43,000 employees; Wachovia, which had disclosed plans to eliminate around 5,000 mortgage jobs before a battle erupted between Wells Fargo & Co. and Citigroup Inc. over who will take it over; or Bank of America Corp., which said it would eliminate 7,500 positions after acquiring Countrywide Financial Corp. The full third-quarter employment analysis is available to MortgageDaily.com subscribers at: http://www.mortgagedaily.com/EmploymentByStateReport100608.asp?spcode=pr Complete mortgage employment news coverage, including articles about the layoffs outlined in this report, is available at: http://www.mortgagedaily.com/MortgageEmployment.asp?spcode=pr About MortgageDaily.com Founded in 1998, MortgageDaily.com is a dominant online news source for the mortgage industry. Around one million mortgage business news pages are viewed monthly at MortgageDaily.com and its affiliate publications.
CONTACT:
Sam Garcia
mtgsam@aol.com
214.521.1300
3811-700 Turtle Creek Blvd.
Dallas, TX 75219
SOURCE MortgageDaily.com
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