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Home » Store » News » Average Profit Margins Improved in 2Q09

Average Profit Margins Improved in 2Q09

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Mortgage bankers earned an average profit of $1,358 per loan during the second quarter of 2009, as heavy refinance activity boosted overall productivity, according to the quarterly performance report recently released by the Mortgage Bankers Association. Lenders participating in the MBA survey were able to close an average of 5.5 loans per production employee each month during the second quarter...
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