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Home » Store » News » Mortgage Banking Profits Soar in Early 2009 As Margins Widen and Competition Eases

Mortgage Banking Profits Soar in Early 2009 As Margins Widen and Competition Eases

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Mortgage bankers very quietly wrote a new benchmark for profitability during the first three months of 2009 by generating over $9 billion in earnings – the industry’s best quarter on record – during a period when most financial services businesses were still struggling to stay upright. A group of 24 top mortgage lenders reported... [Includes one graph]
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