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Volume 22 - Number 8

April 13, 2018

MBA: Earnings Tanked in Fourth Quarter

Mortgage bankers reported a significant decline in profitability during the fourth quarter of 2017, taking hits on both sides of the business ledger, according to the most recent performance report from the Mortgage Bankers Association. On average, survey participants reported just $389,000 in pretax income during the fourth quarter, a 77.7 percent decline from $1.743 million in the previous three-month period. That knocked annual pretax income down to an average $5.136 million ...

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Poll

What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.

35%

I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.

14%

Not bad, but he needs to take his time making additional changes.

12%

We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

39%