Volume 15 - Number 22
October 28, 2011
Downloads Available: Mortgage Earnings Snapshot: 3Q11 (pt1)
Production Surge Boosts Mortgage Banking Profits in Third Quarter
Mortgage banking profits rebounded in the third quarter of 2011 as loan production levels began to climb, according to a new ranking and analysis by Inside Mortgage Trends. A representative sample of 15 major mortgage lenders revealed aggregate net income from mortgage banking activities rebounded back into positive territory after thudding to a whopping loss in the previous quarter. The group posted aggregate mortgage banking income of $4.72 billion in the third quarter, compared to a combined $11.40 billion loss in the previous three-month period. The group’s massive second-quarter loss was largely...(Includes one data chart)
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