Over 14,000 1st Quarter Mortgage Layoffs

DALLAS, April 7, 2008 /PRNewswire/ -- More than 14,000 mortgage
industry occupation losings were tracked during the first one-fourth of this twelvemonth by
. Golden State goes on to bear the brunt of the
layoffs. From Jan. One to March 31, there were 14,727 mortgage-related layoffs. During that same period, 343 occupations were added, bringing the nett occupation loss to
-14,384. The up-to-the-minute figure is more than than 1,000 worse than the first one-fourth of
2007 -- before the mortgage meltdown hit full speed. Mortgage occupation losings are on gait to attain around 57,500 this twelvemonth -- a
decline from 86,071 in nett occupation losings last year. 1st One-Fourth 2008
Mortgage Jobs Losses
Top 5 States
Rank State Network Occupation Losses
1. Golden State -4,470
2. Sunshine State -1,539
3. New Jersey -684
4. Ioway -415
5. Hoosier State -294
sum U.S. -14,384 Top 5 Companies
Rank Company Network Occupation Losses
1. IndyMac Bancorp Inc. -2,403
2. First John Hope Franklin Financial Corp. -1,650
3. Dawn Loan Services LLC -1,602
4. First National Mortgage Sources -1,000
5. Lewis Henry Morgan Francis Edgar Stanley -1,000 But the news wasn't all bad. Five companies with nett occupation additions were First Houston, Lend America,
Primary Residential Mortgage Inc., Barred Bankers Mortgage Co. and WSB
Mortgage. One company, Millennium Mortgage Corp., reported in February that it
was adding 150 wholesale business relationship executive directors during the first one-half of 2008. But just one calendar month later, it close down the unit. U.S. authorities information indicated that from Nov. 30, 2007, to Feb. 29,
2008, occupations in the mortgage sector drop by around 10,500. Compared to a year
earlier, mortgage employment is down about 111,600 jobs. "While mortgage occupations go on to contract, we've seen the gait of
layoffs slow recently," said MortgageDaily.com laminitis and Publisher Sam
Garcia. "This tendency is likely to continue." The full first one-fourth employment analysis is available to
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