Regional Banks Report Falling Income From Mortgage Banking During 4Q14
January 30, 2015
Regional banks are reporting significant declines in mortgage-banking income during the fourth quarter, although nearly all institutions continue to earn a profit from the business. A diverse group of 20 regional banks posted a combined $684.2 million in mortgage-banking income for the fourth quarter of 2014, according to a new Inside Mortgage Trends analysis of earnings reports. That was down 13.5 percent from the group’s aggregate $790.5 million in ...