The Real Deal Miami

Florida leads in mortgage job losses

November 12, 2009 10:21AM

A nationwide quarterly analysis of the mortgage industry has shown that people are still losing jobs, but at a slower rate than they were during the exodus of two years ago. Florida still leads the nation with 1,355 mortgage job losses in the third quarter, a figure spurred by the bankruptcy of mortgage firm Taylor Bean & Whitaker Mortgage Corp., according to MortgageDaily.com’s third Quarter Mortgage Employment Analysis. Nationwide, employers eliminated 710 more positions during the third quarter than they added, the report said. The net loss reversed an 8,253 net gain in the second quarter but was better than the 10,233 net loss during the third quarter of 2008. In 2007, lenders cut 87,000 more jobs than they added. TRD