Industry News

Mortgage bankers take $50 hit on each loan originated in 2006

Industry failed to cut costs as loan volume declined, study finds
Published on Oct 10, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Mortgage bankers lost an average of $50 for each loan they originated in 2006, as they failed to cut costs and match staffing to match declining originations, a new study by the Mortgage Bankers Association reveals. The MBA’s annual cost ...