New hirings at mortgage companies in the United States outpaced layoffs by more than 8,000 in 2nd Quarter according to a recent report outlining employment analysis. One mortgage company had more impact on mortgage employment than any other.
Mortgage lenders laid off 3,229 employees between April 1 and June 30, according to the analysis. Layoffs were about 71 percent fewer than in the first quarter and 31 below the same period last year. “The latest period reflected consolidation as a result of several high-profile mergers during the past year,” MortgageDaily.com Founder and Publisher Sam Garcia explained. “Much of the layoff activity was concentrated at financial institutions.”
