Mortgage bankers reported a significant decline in profitability during the fourth quarter of 2017, taking hits on both sides of the business ledger, according to the most recent performance report from the Mortgage Bankers Association. On average, survey participants reported just $389,000 in pretax income during the fourth quarter, a 77.7 percent decline from $1.743 million in the previous three-month period. That knocked annual pretax income down to an average $5.136 million ...