US DATA: MBA Q1 Mortgage Bankers Performance Report says
“Independent mortgage banks and mortgage subsidiaries of chartered banks
made an average profit of $1,654 on each loan they originated in the
first quarter of 2012, up from $1,093 per loan in Q4. Volume and the
purchase share of that volume remained relatively constant and bankers
remained focused on purchase production while many larger banking
institutions were handling significantly more refinancing activity.
While per-loan production expenses increased, secondary marketing gains
improved as primary-secondary spreads widened. Secondary marketing
income rose from $4,355 per loan in the fourth quarter of 2011 to $5,011
per loan in the first quarter of 2012.”