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Home » Store » News » Mortgage Banking Profits Plunged in 2006 as Income Fell and Production Costs Soared

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

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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]
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