In the US, mortgage banking is about 20% or so of a regional bank on up in terms of revenue generation.
Modern banking is an incredibly complex business so you could basically say no single division makes much money vs the other parts as a whole.
I think that would be a wrong way to view the business though. As if banks would not be in mortgage lending if they could. It is quite the opposite, any one bank would love for the other banks to get out of mortgage lending.
Modern banking is an incredibly complex business so you could basically say no single division makes much money vs the other parts as a whole.
I think that would be a wrong way to view the business though. As if banks would not be in mortgage lending if they could. It is quite the opposite, any one bank would love for the other banks to get out of mortgage lending.