2010 Mortgage Market Off With a Thud as Originations, Profits Drop Among Top Banks
April 22, 2010
Early indicators point to a soggy first quarter in 2010 as top commercial banks have reported declines in new mortgage originations and sagging earnings from the sector. An Inside Mortgage Finance analysis of first-quarter earnings reports from six of the largest bank lenders in the mortgage market reveals a drop of 17 percent...