A group of 22 banks reported a combined $1.84 billion in mortgage banking income for the first three months of 2019, a solid improvement from the fourth quarter but down from the same period last year.
Several publicly held nonbank lenders took a beating on servicing hedges and other factors during the fourth quarter of 2018, according to a new Inside Mortgage Trends analysis of earnings reports. Seven public firms reported a combined loss of $120.53 million on mortgage banking activity during the fourth quarter. [Includes one data chart]
Commercial banks and savings institutions made money on their mortgage banking activity during the fourth quarter, but not that much. [Includes one data chart.]
Publicly-owned commercial banks and thrifts reported widespread declines in mortgage banking income during the fourth quarter, according to a new analysis by Inside Mortgage Trends. [Includes one data chart.]
The share price of Fannie Mae and Freddie Mac common has been on a bull run since late December, more than doubling in price. But how much more gasoline is left in the tank?
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