Top lenders report weaker results on production-related income in 2Q08
August 29, 2008
Several top mortgage bankers reported slumping profits on their loan origination activities during the second quarter of 2008, while results on the servicing side of the business soured and overall profitability deteriorated. A group of nine top mortgage lenders compiled a combined $1.508 billion in net production income during the second... [Includes one chart and one graph]