Mortgage Banking Profits Decline Again in Third Quarter of 2009
October 30, 2009
Mortgage banking profits fell again in the third quarter of 2009 as production volume dropped sharply and lenders continued to cope with rising credit-related costs, according to a new Inside Mortgage Profitability analysis. A diverse group of 19 mortgage lenders reported a total of $6.074 billion in earnings from their mortgage banking operations during the third quarter. That was considerably...