Servicing: the Who's, What's, Why's, FHFA, and the MBA; Mortgage Company Profits
The MBA reported that, "Independent mortgage banks and subsidiaries made an average profit of $1,263 on each loan they originated in the third quarter of 2011, up from $575 per loan in the second quarter of 2011, according to the MBA Third Quarter 2011 Mortgage Bankers Performance Report.
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