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Volume 22 - Number 1

January 5, 2018

Production Income Slipped in 3Q17, Servicing Up

Mortgage bankers saw a small decline in profitability during the third quarter of 2017 despite a favorable turn in servicing and a bump up in mortgage production, according to the Mortgage Bankers Associationís quarterly performance report. The average firm participating in the survey reported $1.743 million in pretax income for the third quarter, down 17.7 percent from the previous three-month period. Average year-to-date pretax income on mortgage banking activities was ...

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Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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