Mortgage Jobs Increase in 2009
Following three straight years of mortgage job losses, mortgage employment in the U.S. may be taking an uphill turn.
According to a recent mortgage employment index, there have been some gains in 2009 as opposed to the immense losses from 2006-2008 where a total of more than 125, 000 jobs were eliminated.
Hirings during 2009 were 30,899, outpacing 22,578 U.S. layoffs.
Last year, 8,321 jobs were added in 2009, most of them being in Texas where 1,722 jobs were added.
During the last three months of last year, California reported the most in mortgage job increases, with 987jobs added.
Losing more jobs than any other state, New York posted nearly 600 mortgage job layoffs in its last quarter.
Other states, such as Illinois, continued to battle employment issues with 2,797 layoffs – the highest number of any other state.
Bank of America added 2,500 mortgage jobs, in the fourth quarter, with Wells Fargo close behind.
The shutting down of Lend America represents the largest number of fourth-quarter layoffs.
Posted on Tuesday, February 16, 2010 by admin
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