Banks Post Strong Gains in Mortgage-Banking Income in Second Quarter
July 31, 2015
A broad sample of 25 publicly traded banks reported strong earnings from their mortgage-banking operations during the second quarter of 2015, a new Inside Mortgage Trends analysis reveals. The group, which includes the four megabanks and the major regionals involved in the sector, reported a combined $4.391 billion in mortgage-banking income for the second quarter. That was up 19.6 percent from the first quarter of this year, and it ... [Includes one data chart]
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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