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July 28, 2014

Big Banks Report Substantial Increase in 2Q14 Mortgage Income

By John Bancroft

Although only one of the 21 banks (BB&T) posted a net loss on mortgage banking during the second quarter, seven others reported lower profits than they had in the first quarter.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

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