A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.
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A record year in the housing market earned independent mortgage bankers record profits in 2020, a near $1,500 annual year-over-year rise in profits.
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The overall national mortgage delinquency rate in Q4 2018 was at its lowest level since the first quarter of 2000. Click through to learn more.
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