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Home » Store » News » Banks Report Sharp Drop in Mortgage Banking Income During Third Quarter

Banks Report Sharp Drop in Mortgage Banking Income During Third Quarter

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The vast majority of commercial banks and savings institutions that have mortgage banking operations post positive results from those activities, but overall profitability fell significantly in the third quarter of 2018. A new Inside Mortgage Trends analysis of call-report data reveals the banking industry earned $4.025 billion from mortgage banking during the three-month period ending in September. That was down 14.5 percent from the second quarter, when ... [Includes one data chart]
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