Even though mortgage bankers are still enjoying the steepest yield curve in years, lenders saw their average profit per loan fall to $606 in the first quarter, a 40% drop from the same period last year, according to new figures released by the Mortgage Bankers Association.

Compared to the fourth quarter, the average profit per loan originated fell by 32%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.