Mortgage Profitability Dropped Sharply Last Year for Privately-Owned Lenders
July 20, 2006
Privately-held subprime mortgage companies – including the huge Ameriquest enterprise -- experienced sharp declines in earnings in 2005, according to a new analysis by Inside Mortgage Profitability, an affiliated newsletter. At the same time, however, some of the largest privately-held firms specializing in prime conventional lending recorded solid increases in earnings. …