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US Government takes over mortgage giants

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Old 09-08-2008, 04:21 PM   #18
redsk1
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Re: US Government takes over mortgage giants
No company makes 20k on a loan too, that's ridiculous. A normal mortgage company might make 1/4 pt to 1pt on a loan after all overhead expenses are paid (underwriters, processors, closers, etc). Most are closer to the 1/4 pt right now.
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