Inside Mortgage Trends

Mortgage Banking Profits Plunged in 2006 as Income Fell and Production Costs Soared

Overall mortgage banking profits fell sharply in 2006, as lenders failed to make any profit on their production business and servicing was plagued by hedging issues, according to the Mortgage Bankers Association. Companies participating in the... [Includes one graph] Read More

Market Street Mortgage Employees Back in Business As Flagstone Lending After NetBank Shutdown

Determined to survive the mortgage market crisis that helped sink their former corporate parent, former employees and executives of Market Street Mortgage struck out on their own to continue making home loans in Texas. This hardy group led by Mark Cady... Read More

Capitalization, Downsizing, Smart Pricing Key for Mortgage Bankers Trying to Weather the Storm

With further reductions in mortgage volume predicted for the next two years, analysts suggest only well capitalized lenders will survive the industry’s current crisis. Most investment banks and other lenders with vertical integration of originations... Read More

Thornburg Suffers With the Market Despite Solid Performance From Its Prime Jumbo Loans

The precipitous fall suffered by Thornburg Mortgage in recent months illustrates both how far beyond subprime the mortgage market’s credit crisis has penetrated and how quickly it has overtaken some of its victims. This week, the Santa Fe, NM-based company reported... Read More

Fledgling Nationwide Was the Most Profitable Mortgage Focused Bank in the Second Quarter

The most profitable bank or thrift with at least half of its assets in mortgages and mortgage securities as of June 2007 is Nationwide Bank, the fledgling retail banking arm of Nationwide Financial Services, best known as an insurance company... [Includes one chart] Read More

Web Site Patterned on Travel Sales Portals Allows Smaller Lenders to Compete Online

Mortgagebot has just launched Mortgage Marvel, a Web site designed to put traditional lending institutions in a better position to compete online. The system is patterned after the way travel services such as Expedia market airline tickets, Mortgagebot says... Read More

Mortgage Lenders Continue Restructuring and Downsizing in Response to Plunging Profits

After a quarter in which virtually every major lender reported plunging profits, the mortgage industry continues to see reorganization and downsizing. GMAC Financial Services said this week that it will restructure its mortgage unit, Residential... Read More

October 19, 2007

View Archived Issues

Mortgage Banking Profits Plunged in 2006 as Income Fell and Production Costs Soared

Market Street Mortgage Employees Back in Business As Flagstone Lending After NetBank Shutdown

Capitalization, Downsizing, Smart Pricing Key for Mortgage Bankers Trying to Weather the Storm

Thornburg Suffers With the Market Despite Solid Performance From Its Prime Jumbo Loans

Fledgling Nationwide Was the Most Profitable Mortgage Focused Bank in the Second Quarter

Web Site Patterned on Travel Sales Portals Allows Smaller Lenders to Compete Online

Mortgage Lenders Continue Restructuring and Downsizing in Response to Plunging Profits

Latest Imf News

UWM to Acquire Two Harbors, Eyeing Servicing

Mortgage Broker Jobs Increase in October; Others Decline

New Freddie CEO Out of Retirement After Long Term at Deloitte

Lennar’s Average Sale Price for New Homes Dropping

Featured Data

Non-Agency Jumbo Originations Slow in Third Quarter

Jumbo Servicing Volume Slightly Down in Third Quarter

Refis Lift Agency MBS to Three-Year High in November

Broker Channel Regains Some Share in Third Quarter

Featured Reports

Agency Seller-Issuer Profile: 3Q25 (PDF)

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (PDF)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?