Modest Gains For Mortgage Production And Servicing Activity in Second Quarter
August 16, 2013
Both sides of the mortgage banking business posted modest gains in profitability during the second quarter of 2013, according to a new analysis by Inside Mortgage Trends of earnings reports from nine lenders. The group reported a total of $4.34 billion in production-related income during the second quarter, up 2.8 percent from the first three months of the year. Thats a relatively strong showing given that their total origination volume increased by just 0.7 percent ... [Includes one data chart]