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Top lenders report weaker results on production-related income in 2Q08Several top mortgage bankers reported slumping profits on their loan origination activities during the second quarter of 2008, while results on the servicing side of the business soured and overall profitability deteriorated. A group of nine top mortgage lenders compiled a combined $1.508 billion in net production income during the second... [Includes one chart and one graph] Subscribers have free access to the archives. Click here. | |||||||||||||||||
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| © Copyright 2008, Inside Mortgage Finance Publications 7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814 Tel: (301) 951-1240; Fax: (301) 656-1709 All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.  | |||||||||||||||||
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