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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Banker Profits Per Origination Grow by 272% in a Year

By Implode-Explode Heavy Industries

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Independent mortgage bankers and subsidiaries made an average $1,135 on each mortgage originated in 2009, compared with $305 per loan in 2008, according to survey results today by the Mortgage Bankers Association (MBA).

Profits-per-origination grew by $830 ? or 272% ? in one year.

Full post as published by Mortgage Lender Implode-o-Meter on June 29, 2010 (boomark / email).

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