Wholesalers Lead Mortgage Banking Profits Higher
Posted on November 3, 2009
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The average profit on loans originated in the second quarter by independent mortgage bankers and their subsidiaries jumped by $270 from the first quarter, the Mortgage Bankers Association reported. At wholesale lenders, profit-per-loan jumped by $410 from the first quarter. MBA said the increase at wholesalers was "the most dramatic improvement" among all channels.
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