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Home » Store » News » Specialty Lenders Outperformed Overall Mortgage Market by Substantial Margin

Specialty Lenders Outperformed Overall Mortgage Market by Substantial Margin

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Mortgage lenders specializing in the red-hot subprime and Alternative A markets posted significantly stronger profits in 2004 than did the overall mortgage lending business, according to a new analysis by Inside Mortgage Profitability. A group of 10 specialty lenders reported a total of $3.72 billion in earnings last year, a hefty 16.2 percent increase over the $3.20 billion these same firms earned back in 2003. …
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