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Real Estate & Property Law

: Housing Wire

Bankers? Per-Loan Profits Fall on Higher Product Costs

By AUSTIN KILGORE

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Borrowers applied for more purchase mortgages than refinance loans, and the higher per-loan production costs meant declined profits for independent mortgage bankers and subsidiaries in Q309, the Mortgage Bankers Association (MBA) said. The MBA?s quarterly mortgage bankers performance report put the average per-loan profit at $902 in Q309. That?s down from Q209, when the average profit [...]

Full post as published by Housing Wire on December 18, 2009 (boomark / email).

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