Mortgage Profits Sagged in 2Q10, But Most Lenders Report Healthy Income
July 30, 2010
Mortgage bankers had to work a little harder during the second quarter, but industry earnings remained at historically high levels, according to a new analysis by Inside Mortgage Trends. A representative sample of 20 lenders – including most of the industry’s largest firms and many mid-sized operations – reported a combined $5.04 billion in net income from mortgage banking... [Includes one chart]