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Home » Store » News » Average Mortgage Banker Profits Declined in 1Q10

Average Mortgage Banker Profits Declined in 1Q10

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A significant decline in origination-related income help reduce overall profitability for mortgage bankers during the first quarter of 2010, according the Mortgage Bankers Association’s latest quarterly performance report. The average firm participating in the survey – which includes a large number of small and mid-sized lenders – reported $465,000 in net income during...
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