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Both Sides of Mortgage Business Show Improved Profitability in Third Quarter
Both loan production and servicing operations yielded higher profits during the third quarter of 2005, according to a new analysis by Inside Mortgage Profitability of financial reports from eight major lenders. Although servicing operations posted more substantial gains from the previous quarter, income from loan origination and sales activity also improved for the group. The eight lenders reported a combined $1.50 billion in production income during the third quarter, up...