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Home » Store » Taxable » Major Banks See Profits in Mortgage Servicing, Rising Values, During 3Q03

Major Banks See Profits in Mortgage Servicing, Rising Values, During 3Q03

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The 40 largest commercial banks with mortgage servicing operations reported a solid $1.09 billion in net profits from servicing fees during the third quarter, a welcome reversal from the losses at most companies over much of the past year and a half. A new Inside Mortgage Profitability analysis of commercial bank call report data shows that the top 40 banks reported $1.87 trillion of mortgages serviced for other investors as of the end of
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