Increased Production Leads to Higher Mortgage Banking Earnings in 3Q10
December 9, 2010
Despite significant challenges in loan servicing, mortgage bankers reported rising profits during the third quarter of 2010 on the back of rising loan production activity. Higher earnings were seen in two key measures: earnings releases filed by publicly traded companies with significant mortgage banking businesses and call reports filed by banks. According to...[Includes one data chart and one graph]