Volume 18 - Number 4
February 21, 2014
Downloads Available: Bank Mortgage Banking Earnings - 4Q13
Banks Earn More on Mortgage Banking In 4Q13 Despite Drops in Sales, Lending
Banks and thrifts earned a hefty $5.292 billion on their mortgage-banking activities during the fourth quarter of 2013, boosting the year to one of the industry’s best in recent memory. Mortgage banking income reported by banks and thrifts rose 12.7 percent from the third to the fourth quarter of last year, according to a new analysis of call-report data by Inside Mortgage Trends. The fourth-quarter surge brought annual earnings from mortgage banking to $25.857 billion in 2013 ... [Includes one data chart]
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