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Home » Store » Profitability » Banks and Thrifts Report Surging Profits on Mortgage Banking in Third Quarter

Banks and Thrifts Report Surging Profits on Mortgage Banking in Third Quarter

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Profitability

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Commercial banks and savings institutions recently wrapped up their best quarter in over a year in terms of mortgage-banking income, according to a new Inside Mortgage Trends analysis of call-report data. The industry racked up $5.18 billion in mortgage-banking income during the third quarter, a huge 44.6 percent increase over the three-month period ending in June. It was the best quarter in mortgage-banking income since the April-June cycle in 2015, when ... [Includes one data chart]
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