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Mortgage industry loses 3,000 jobs

August 26 2013

Declining delinquency drove mortgage industry servicers to reduce headcount in the second quarter of 2013. The mortgage industry lost 2,981 jobs in the second quarter, according to the mortgage employment index from Mortgage Daily. Second-quarter job losses contrast with the first quarter, when the industry had its largest jobs increase since the second quarter of 2009.

The net job gain was 5,129 in the first quarter of 2013 and 1,335 in the second quarter of last year.

Florida reported the biggest increase of the states with a net 574 jobs, while the net loss of 1,509 mortgage jobs in California was the worst of any state.

States’ gains and losses include:

  • Florida: 574
  • Arizona: 300
  • Missouri: 242
  • South Carolina: -515
  • New York: -1,280
  • California: -1,509

Losses and gains by company include:

  • Nationstar: 2,300
  • Walter: 1,400
  • M&T: 564
  • BofA: -5,000
  • Chase: -1,826
  • HUD: -900

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