Retail Production Economics
Simmons, Linda, Lind, Matthew M., Mortgage Banking
After sifting through three years' worth of retail production data, government lending appears to be far more costly than generally believed, and unprofitable for many lenders. This result suggests a systemic decline in the average quality of government loans, and underscores the need for lenders to measure performance, especially costs, at a much more "granular" level of detail.
DESPITE BEING THE COUNTRY'S
largest financial service, the mortgage industry has a limited understanding of its own economics. This is especially true when compared with other financial service sectors. * For example, while most companies report operating results by origination channel and other …
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Publication information: Article title: Retail Production Economics. Contributors: Simmons, Linda - Author, Lind, Matthew M. - Author. Magazine title: Mortgage Banking. Volume: 63. Issue: 7 Publication date: April 2003. Page number: 60+. © 2009 Mortgage Bankers Association of America. Provided by ProQuest LLC. All Rights Reserved.
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