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February 25, 2014

Bank Mortgage Earnings Rock Solid in 2013; Of Course That Was Then…

By John Bancroft

Mortgage-banking income reported by banks and thrifts rose 12.7 percent from the third to the fourth quarter of last year, according to a new analysis of call-report data by Inside Mortgage Trends. The fourth-quarter surge brought annual earnings from mortgage banking to $25.857 billion in 2013.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

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