| Apr 25, 2011 10:53AM Declining secondary marketing income driven by rising interest rates eroded profits at independent mortgage banks and their subsidiaries during the fourth quarter of 2010. According to the Mortgage Bankers Association's (MBA) Mortgage Bankers Performance Report those profits dropped to an average of 208460,082 per loan from 208460,423 in the previous quarter. However, in the fourth quarter of 2009 the figure was $890. A total of 321 institutions, 310 of which reported residential production business, responded... Apr 25, 2011 11:42AM The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for March 2011. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when...
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