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Mortgage bankers report record-low profits in fourth quarter
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Industry News, Market Data
Thursday, March 27, 2014
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Independent mortgage bankers reported their lowest levels of profits since the inception of the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report in 2008, and production expenses were the highest recorded in any quarter. Keep reading for more information. One consolation was in mortgage servicing, where financial income improved according to Marina Walsh, MBA's vice president of industry analysis.
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