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Volume 21 - Number 16

August 11, 2017

Downloads Available: Mortgage Earnings Snapshot - 2Q17 (8 nonbanks)


2Q17 a Rocky Road for Publicly Traded Nonbanks; Several Firms on the Ropes

The second quarter of 2017 was not easy for publicly held nonbank mortgage lenders and servicers, but the beleaguered sector fared better than it did a year ago. A new Inside Mortgage Trends analysis of second-quarter earnings reports found the eight companies in the roundup managed to generate just $24.37 million in mortgage-banking income. That was down 80.1 percent from the group’s first-quarter earnings. One public nonbank, Stonegate Mortgage ... [Includes one data chart]

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