Production Earnings Down in 3Q15 as Margins Shrink, Servicing Weakened
December 18, 2015
Income from mortgage production-related activities fell sharply during the third quarter of 2015, according to a new Inside Mortgage Trends analysis of earnings reports from 13 major companies. And results from mortgage servicing operations were even worse. The 13 lenders reported a combined $1.623 billion in production-related income for the third quarter, a decline of 23.9 percent from the previous period. While all but two of the lenders managed to ... [Includes one data chart]