Non-bank mortgage lenders pressured as housing market slows

Non-bank mortgage lenders are feeling the squeeze as the housing market begins to slow and the era of robust mortgage refinancing activity nears its end.

  • By Alexander Saeedy
  • 30 Nov 2018

According to data released by the Mortgage Bankers Association on Thursday, average production profit for non-bank mortgage lenders was 20bp in the third quarter of 2018, down 1bp from the second quarter and a fall of 21bp versus the third quarter of 2017.

That is the lowest profit ...

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