Production Margins Shrink in 2Q09, But Servicing Sector Sees Bigger Downturn
September 4, 2009
With a solid increase in loan production volume during the second quarter of 2009, profits on the origination side of the business improved modestly from the first three months of the year, according to a new Inside Mortgage Profitability analysis. At the same time, however, earnings on the servicing side of the business were down from... [Includes one chart and one graph]