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Two acquisitive mortgage bankers see first-quarter profits fall

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Per loan profits of Independent mortgage banks and mortgage subsidiaries of chartered banks fell dramatically in the fourth quarter of 2017. The Mortgage Bankers Association (MBA) reported a net.

FALL Archives realestate.10ztalk.com – Two acquisitive mortgage bankers see first-quarter profits fall. First-quarter year-over-year results declined at a pair of mortgage bankers active in the acquisitions market as well as at the. Read More

First-quarter year-over-year results declined at a pair of mortgage bankers active in the acquisitions market as well as at the provider of the.

Profit per loan was cut in half last year, to $367, according to the Mortgage Bankers Association. Still, some banks believe there is opportunity, including the $267 million-asset University Bancorp.. First-quarter mortgage revenue totaled $1.1 million, up 20% from a year earlier.

But profits were down on a year-over-year basis and fell below typical second. " Mortgage originators evidently responded to first quarter losses by. Key findings of MBA's quarterly mortgage bankers performance report include:. Media wishing to view a copy of either report should contact Ali Ahmad at.

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Two acquisitive mortgage bankers see first-quarter profits fall First-quarter year-over-year results declined at a pair of mortgage bankers active in the acquisitions market as well as at the provider of the most used servicing technology.

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