Revealed: BlackRock owns considerable stock in housing’s biggest players

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
W S
Lending / The Ticker

Independent mortgage banks report lower profit

/ Print / Reprints /
| Share More
/ Text Size+

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,772 on each loan originated in the first quarter, dropping from an average income of $2,256 in the fourth quarter, MBA Newslink reported.

Additionally, the banks average production volume hit $442 million per company in the first quarter, falling from $488 million in 4Q of 2012.



Source: MBA NewsLink
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus