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

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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 ...

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