| Jun 23, 2011 3:57PM Some stored energy was released today. Loan pricing improved. And now we're back to the best mortgage rate levels of the year. These positive developments follow a short period of stagnation where volatility in the secondary market kept us on the edge of our seats, but never really amounted to much on rate sheets. Loan pricing has actually drifted mostly sideways since setting new YTD lows on June 8th. We didn't really have to travel far to get here, but we're back again. In the chart of Consumer... Jun 23, 2011 1:31PM Independent mortgage banks and subsidiaries saw a huge dip in profitability as the average they made on each loan originated dropped from 217139,082 per loan in the fourth quarter of 2010 to $346 in the first quarter of this year. According to the Mortgage Bankers Association's (MBA) Mortgage Bankers Performance Report , lenders increased their overall revenues but profits suffered because of higher production costs. Only 63 percent of the firms in the study posted pre-tax net financial profits in the...
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