Mortgage Banking Profits Resilient in Early 2010 Despite Slumping Volume
May 7, 2010
Aggregate mortgage banking earnings increased sharply in the first quarter of 2010, but the overall numbers were heavily swayed by a huge turnaround at just one company, according to a new analysis by Inside Mortgage Trends. A diverse group of 22 lenders that includes nine of the top 10 mortgage originators in the market posted a combined $5.835 billion in mortgage banking earnings during the...