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Home » News » Mortgage Banking Profitability Faded in 2Q13
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Mortgage Banking Profitability Faded in 2Q13

September 13, 2013
Declining origination volume and narrower secondary market margins squeezed mortgage production income during the second quarter of 2013, but servicing income continued to improve, according to the Mortgage Bankers Association. The average firm participating in the MBA’s quarterly performance survey reported pretax income of $3.068 million during the second quarter. That was down 16.0 percent from the first three months of the year and the lowest quarterly profit since the first quarter of 2012 ...
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