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Home » News » Mortgage Banking Profits Up Sharply in 2012
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Mortgage Banking Profits Up Sharply in 2012

June 29, 2012
Mortgage banking profits on loan origination soared in early 2012, while servicing operations edged into profitability, according to the latest average performance data reported this week by the Mortgage Bankers Association. The average firm participating in the MBA survey reported $2.027 million in net income after adjustments during the first quarter. That was up 68.9 percent from the fourth quarter and more than four times the average profit earned...
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