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Mortgage lenders once again turning a profit

Aug 29, 2018By

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.

3d rendering of a row of luxury townhouses along a street

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