JUL 20, 2010 12:21pm ET

Residential Mortgage Profitability Plunges 40% in 1Q

Print
Reprints
Email

Even though mortgage bankers are still enjoying the steepest yield curve in years, lenders saw their average profit per loan fall to $606 in the first quarter, a 40% drop from the same period last year, according to new figures released by the Mortgage Bankers Association.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.
Twitter
Facebook
LinkedIn
FOLLOW US
Already a subscriber? Log in here
Please note you must now log in with your email address and password.