Production Income Dropped Sharply In 3Q08, Servicing Profits Rebound
November 21, 2008
Mortgage bankers reported a steep drop in profitability from their loan origination activities during the third quarter of 2008 as overall production volume declined sharply, according to a new analysis by Inside Mortgage Profitability. Seven major lenders that report detailed financial results on their mortgage banking operations posted a... [Includes one chart and one graph]