Earnings Slump on Mortgage Production But 3Q09 Yields Rebound in Servicing
November 25, 2009
Stronger profits from their servicing operations were not enough to offset a stiff drop in earnings on loan origination activities during the third quarter of 2009, according to a new analysis by Inside Mortgage Profitability. A group of nine of the top lenders in the industry reported a combined $4.970 billion in income from their mortgage banking operations... [Includes one chart and one graph]