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Time to Quit Mortgage Banking?

Banks made a great deal of money in mortgage banking last year, even those who just dabbled in it, but this year is vastly different. Higher rates have reduced volume, refinancings have all but vanished, margins have shrunk, and cut-throat pricing is proving again that in mortgage banking, you’re only as smart as your most desperate competitors.

via Time to Quit Mortgage Banking? – Bank Think Article – American Banker.

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