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Volume 21 - Number 10

May 19, 2017

Downloads Available: Mortgage Earnings Snapshot - 1Q17 (9 nonbanks)

Nonbanks Report Dour 1Q17 Earnings

Publicly traded nonbank mortgage lenders and servicers reported weak earnings during the first quarter of 2017, according to an Inside Mortgage Trends summary. The nine nonbank lenders posted a combined profit of $116.69 million for the first three months of the year. That was down 79.4 percent from the fourth quarter, although it represented a huge improvement from the $509.68 million loss the group recorded in the first three months of 2016 ... [Includes one data chart]

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How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.


11 to 30. We’re feeling slightly bullish.


31 or more. We’re in expansion mode.

None. We’re staying right where we are, for now.


We’re cutting back.