| 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... Jun 24, 2011 2:31PM [I am on vacation, and my access to e-mail is sporadic and not timely. In my place are daily commentaries from a series of very knowledgeable mortgage industry people with different backgrounds, and they have been given very little direction about what to write about. The third is below . Our views may or may not coincide, but I thank them for their time in volunteering and helping out.] Today's contribution comes from: Dean A. Brown CEO Mortgage Capital Management Dbrown@mortcap.com Hedge Capacity...
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