Industry News

Real estate loan profits slashed nearly in half

Mortgage volume fell in 2004, operational costs increased, study finds
Published on Oct 12, 2005

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by CareyBot

Mortgage banking production profits fell to $657 per loan in 2004 from $1,272 per loan in 2003 according to the Mortgage Bankers Association’s annual cost study released Tuesday. As volume declined in 2004, per-loan operational costs increased and were only ...