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Home » Store » Profitability » Nonbanks Report Dour 1Q17 Earnings

Nonbanks Report Dour 1Q17 Earnings

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Profitability

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Publicly traded nonbank mortgage lenders and servicers reported weak earnings during the first quarter of 2017, according to an Inside Mortgage Trends summary. The nine nonbank lenders posted a combined profit of $116.69 million for the first three months of the year. That was down 79.4 percent from the fourth quarter, although it represented a huge improvement from the $509.68 million loss the group recorded in the first three months of 2016 ... [Includes one data chart]
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