Volume 18 - Number 2
January 24, 2014
Downloads Available: Mortgage Earnings Snapshot - 4Q13
Mortgage-Banking Income Slumped In 4Q13, Annual Earnings Down
Many of the top players in the mortgage industry reported declines in net mortgage-banking income during the fourth quarter, but they also showed resilience in the face of declining production and persistent buyback risk. A diverse group of 17 financial institutions reported a combined $1.42 billion in mortgage-banking profits during the fourth quarter of 2013, according to a new Inside Mortgage Trends analysis of earnings reports. That was down 2.0 percent from the previous quarter ... [Includes one data chart]
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