Both Sides of Mortgage Banking Profit Picture Brighten in Second Quarter
September 1, 2006
Top mortgage lenders reported improving profits on both loan production and servicing activities during the second quarter of 2006, according to a new analysis by Inside Mortgage Profitability. A group of 10 top lenders reported a combined $1.71 billion in loan production income during the second quarter, a solid 19.4 percent increase from the first three months of the year. With loan origination volume also rising during the period...