Mortgage Banking Profits Declined Slightly for Banks in Third Quarter
November 3, 2017
Most banks and thrifts continued to report solid earnings from their mortgage banking activities during the third quarter, but profits generally weakened and year-to-date performance clearly has not kept up with the pace set in 2016. A diverse group of 24 banks reported a combined $2.36 billion in mortgage banking income for the third quarter, down 11.3 percent from the previous period. Half of them posted declines. The group generated $7.33 billion in mortgage ... [Includes one data chart]