Mortgage Banking Profits Still Solid In Fourth Quarter Despite Losses
February 6, 2009
New data from several of the largest mortgage lending businesses appear to confirm that the overall industry posted solid profits during the fourth quarter, despite some hefty losses at a number of firms. A new Inside Mortgage Profitability analysis of earnings reports from nine lenders found that the group posted a combined $1.239 billion loss on... [Includes one chart and one graph]