TITLE

Originators Lend Less But Profit More On Mortgages

AUTHOR(S)
Berry, Kate
PUB. DATE
July 2010
SOURCE
American Banker;7/26/2010, Vol. 175 Issue 113, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses business conditions for mortgage lenders in the U.S. Low interest rates, fewer competitors, and strong demand for mortgage securities from investors have conspired to create healthy profit margins for lenders. Bank of America Corp. and Wells Fargo & Co. are among banks that have seen their loan volume increase.
ACCESSION #
52824893

 

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