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MBA: Production profits up for year, despite quarterly decrease
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Banking
Tuesday, December 15, 2015
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The Mortgage Bankers Association released its latest Quarterly Mortgage Bankers Performance Report, finding that independent mortgage banks and subsidiaries of chartered banks had a net gain of $1,238 on each loan in the third quarter of 2015, down from a reported gain of $1,522 in the previous quarter. Despite the quarter-to-quarter decrease, Vice President of Industry Analysis Marina Walsh had more positive news to share.
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