TITLE

Profit Per Loan Off At Independents

PUB. DATE
December 2009
SOURCE
American Banker;12/21/2009, Vol. 174 Issue 225, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that, according to the Mortgage Bankers Association, independent mortgage bankers made an average profit of 902 dollars for each loan. However, 18 percent of reporting mortgage firms reported losses in the third quarter of 2009. Refinancings accounted for 44 percent of originations in the third quarter.
ACCESSION #
47359317

 

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