Items Tagged with 'profitability'


  • Expert: Workforce housing segment could soften in 2019

    Focus on profitable segments
    Lenders saw a negative profit margin twice in 2018, even hitting an all-time low in the fourth quarter, and the hurdles are far from over going into 2019. Lenders should stay focused on more value-added products, according to Beth O’Brien, CoreVest Finance president and CEO and 2018 HousingWire Women of Influence winner.
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  • Mortgage profitability hits all-time low in Q4

    Average net loss of $200 per loan
    Mortgage originators hit rough waters as the cost to originate a loan soared in the fourth quarter – sending profitability to its lowest point ever. Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $200 for each loan they originated in the fourth quarter of 2018.
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  • Mortgage lenders once again turning a profit

    But production income still at all-time low for Q2
    Independent mortgage bankers pulled back into the black during the second quarter after seeing the worst quarter for profitability in years during the first quarter. However, even after rising from the first quarter’s loss, when measured in basis points, pre-tax net production income reached its lowest level for any second quarter since the inception of the MBA’s report in 2008.
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  • Mortgage origination volume hits highest point since 2012

    But profitability shrinks
    Mortgage originations are up, and even hit the highest volume amount since 2012, yet as originations increased, profitability sank. When originator profits are higher, mortgage volumes are less responsive to changes in interest rates, but as it stands, the Fed’s decision over a June rate hike could hold significant consequences to mortgage origination volumes.
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  • U.S. banks turn in most profitable quarter in history

    CNBC report shows it's never been better to be in the banking business
    It’s apparently never been a more profitable time to be a bank, according to a report from CNBC, which noted that the second quarter of 2016 was U.S. banks’ most profitable quarter of all time.
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