PRNewswire (04/07/08)
The mortgage industry lost 14,727 jobs during the first quarter and added 343 for a net job loss of -14,384, according to www.MortgageDaily.com. IndyMac Bancorp led the way with a net job loss of -2,403, followed by First Franklin Financial with -1,650, Aurora Loan Services with -1,602, First National Mortgage Sources at -1,000 and Morgan Stanley at -1,000; but First Houston, Lend America, Primary Residential Mortgage, Secured Bankers Mortgage and WSB Mortgage all have added mortgage jobs. The mortgage sector could lose about 57,500 jobs this year, which would be down from 86,071 a year ago. "While mortgage jobs continue to contract, we've seen the pace of layoffs slow recently," says MortgageDaily.com founder and publisher Sam Garcia, who expects that trend to continue.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment