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Home » Store » Profitability » Production Boosted Mortgage-Banking Profits

Production Boosted Mortgage-Banking Profits

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Profitability

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Loan origination and secondary marketing pushed profits to a four-year high during the third quarter of 2016, according the latest Mortgage Bankers Performance Report released by the Mortgage Bankers Association. The average mortgage-banking entity earned $3.492 million in net income after adjustments during the third quarter, the MBA reported. That was up 42.8 percent from the previous period and represented the highest average profit since the fourth quarter of ...
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