Volume 18 - Number 2
January 24, 2014
Downloads Available: Bank Mortgage Sales Activity in 2013 - as of 3Q13
Banks Sold Fewer Mortgages in 3Q13
If mortgage bankers want to make money they have to sell loans, and loan sales fell off sharply in the third quarter of 2013, according to a new Inside Mortgage Trends analysis of bank and thrift call-report data. Banks sold $296.4 billion of home mortgages during the third quarter, a 23.0 percent drop from the previous period. It was the lowest sales volume since the third quarter of 2011 and coincided with an even sharper 41.7 percent decline in mortgage banking income reported by the ... [Includes one data chart]
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