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Volume 22 - Number 17

August 17, 2018

Downloads Available: Mortgage Profitability: Production and Servicing: 2Q18


Production, Servicing Profits Soured in 2Q18

Most mortgage lenders earned money on their loan production and servicing operations in the second quarter of 2018, but income was generally down from previous periods. [Includes one data chart.]

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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