Volume 18 - Number 4
February 21, 2014
Downloads Available: Mortgage Profitability: Production vs Servicing - 12M13
Servicing Gains Help Fourth-Quarter Results
Mortgage servicing helped lenders increase their mortgage-banking income during the fourth quarter of 2013, according to an Inside Mortgage Trends analysis of earnings reports from 10 major lenders, including the top three in the industry. The 10 companies reported a combined $2.193 billion in servicing-related income during the fourth quarter, up 19.8 percent from the previous period. That was considerably more than the $1.324 billion the lenders reported on production-related income ...
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