Large banks lag far behind their independent competitors when it comes to making a profit on retail residential mortgages, according to mortgage advisory firm Stratmor Group.
That was one of the key findings from the most recent set of meetings between the Mortgage Bankers Association (MBA) and Stratmor Peer Group Roundtables (PGR). Ninety-two lenders participated in seven meetings MBA and STRATMOR held this spring.
Read on for details from Stratmor’s latest report.
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