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Home » Store » Profitability » Public Nonbanks See Improvement in Mortgage Banking, But Some Struggle

Public Nonbanks See Improvement in Mortgage Banking, But Some Struggle

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Profitability

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The nine major publicly traded nonbanks active in mortgage banking saw a significant improvement in earnings during the third quarter, but two firms continued to book losses, according to a new Inside Mortgage Trends analysis of quarterly earnings reports. As a group, the nine nonbanks generated $129.7 billion in mortgage-banking income during the third quarter, a major improvement from their combined $339.5 million loss in the previous period ... [Includes one data chart]
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