Volume 16 - Number 3
February 10, 2012
Downloads Available: Mortgage Earnings Snapshot: 4Q11
Lenders Notch Gains in Mortgage Banking Profits
The boom in mortgage origination activity in the fourth quarter of 2011 carried mortgage banking profits to their highest level in nearly two years, according to a new Inside Mortgage Trends analysis of earnings reports from 22 companies. The group, which includes all the top originators and servicers, reported a combined $5.10 billion in mortgage banking income during the fourth quarter of 2011. That was up 20.0 percent from the previous three-month period and represented the most profitable quarter for the group since the first quarter of 2010. On a full-year basis, the results dont...(Includes one data chart)
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