Mortgage bankers saw record profits in 2003 due to suppressed production costs and hefty income from secondary market sales, according to a recent study conducted by the Mortgage Bankers Association. The 2004 MBA Cost Study released last month showed that mortgage bankers overall posted an average pre-tax profit of $60.7 million for 2003 – which represents a 50.2 percent surge from the $40.4 million mark set in 2002. The study includes data gathered from 190…