Mortgages were more profitable to originate in the first quarter even though a lot fewer were made, according to the accounting firm Richey May. Secondary marketing gains came to the rescue.

Margins on loan production jumped by 28 basis points from the fourth quarter of last year, the Englewood, Colo. firm found in a report scheduled for release Thursday. 

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry