lending profits

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Show me less money? MBA reports mortgage profits nearly slashed in half

Apr 17, 2018By

According to its Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016. That only puts half a dinner on the table and this is not good at all.

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

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