US DATA: “Independent mortgage banks and subsidiaries made an
average profit of $1,423 on each loan they originated in the third
quarter of 2010, up from $917 per loan in the second quarter of 2010,
according to the Mortgage Bankers Association (MBA)’s 3rd Quarter 2010
Mortgage Bankers Performance Report released today. The increase was
driven by higher secondary marketing gains that increased from $3,455
per loan in the second quarter 2010 to $4,069 per loan in the third
quarter 2010. The secondary marketing gains offset further increases in
the cost to originate a loan.”