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» Mortgage Profitability Will Continue to Decline in 2008, S&P Analysis Predicts
Mortgage Profitability Will Continue to Decline in 2008, S&P Analysis Predicts
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The chaos in the mortgage markets is only going to get worse in 2008, which will be the worst year for mortgage banking profitability since at least the 1990s, a report from Standard & Poor’s predicts. “Negative home price trends, the shutdown of...