Mortgage Banking Profits Sag In Third Quarter, Banks Report
December 23, 2009
Commercial banks reported solid earnings from their mortgage banking operations during the third quarter of 2009, according to a new ranking and analysis by Inside Mortgage Profitability. Profits were down from the boom levels set earlier in the year. Commercial banks reported a total of $5.014 billion in earnings from their mortgage banking operations during the third quarter, down 21.9 percent...