Mortgage Daily's Third Quarter 2013 Mortgage Employment Index said the period was the worst for mortgage employment in the U.S. since before the financial crisis, but Kansas bucked the trend, posting job gains.
The index said there were 17,683 layoffs in the mortgage industry in the quarter ended Sept. 30, and 2,401 hirings.
“The industry was hit with a double whammy during the period,” Mortgage Daily publisher Sam Garcia said in a news release Tuesday. “Improving loan performance reduced demand for servicing employees, while rising rates dragged down refinance activity and eliminated the need for production employees.”
But Kansas added a net of 216 jobs in the mortgage industry in the third quarter, according to the index, ranking it third highest in industry job gains behind Arizona (350) and Missouri (250), the index said.