Higher origination volume and lower costs revived mortgage lender profitability, despite a decline in per-loan revenue.

Independent mortgage bankers and mortgage subsidiaries of chartered banks averaged a net gain of $1,122 on second-quarter originations, up from $224 in the first quarter, according to the Mortgage Bankers Association. Spring home buying and a slight decline in mortgage rates increased originations during the period to $526 million from $455 million in the first quarter of 2017.

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