Mortgage Banking Profits Sunk in 2Q08 by Handful of Large Firms
August 1, 2008
Although most top lenders managed to earn net profits from their mortgage banking businesses during the second quarter, the overall industry saw a severe downturn from an already weak start in 2008. A group of 25 large lenders posted a combined loss of $1.301 billion from their mortgage banking operations during... [contains one chart]