Housing layoffs
Struggling companies in the housing sector have cut more than 70,000 jobs this year.
Company Number of cuts
(min. 200)
Masco 8,000
American Home Mortgage 6,000
First Magnus 5,940
New Century 5,200
Capital One Financial 3,900
ACC Capital Holdings 2,600
SunTrust 2,400
Residential Capital 2,000
Pulte Homes 2,000
ABN Amro Mortgage 1,700
Accredited Home Lenders 1,600
First American Corp. 1,400
WMC Mortgage Corp. 1,221
Lehman Brothers 1,200
USG Corp. 1,100
Aegis Mortgage 1,000
Mortgage Lenders Network 900
First NLC Financial Services 850
Silver State Mortgage 800
NovaStar Financial 775
First National Bank 753
HSBC Mortgage 700
Fifth Third 700
Option One 650
National City 650
Washington Mutual 640
E-Loan 627
Countrywide 620
Wells Fargo Home Mortgage 500
Impac Mortgage Holdings 450
IndyMac Bancorp 400
LendingTree 400
Delta Financial 300
CIT Home Lending 300
Bear Stearns 240
Fannie Mae 200
Block Mortgage 200
Mohawk Industries 200
2007 nationwide layoffs, all industries
January 62,975
February 84,014
March 48,997
April 70,672
May 71,115
June 55,726
July 42,897
August 79,459
September n/a
October n/a
November n/a
December n/a
Total 515,855
Data: MarketWatch, MortgageDaily.com,
Challenger Gray & Christmas
marketwatch.com |
