Mortgage Banking Revenue Under Pressure For 2H13: Raymond James

The Mortgage Bankers Association (MBA) has projected mortgage revenues will fall sharply in the second half of 2013, say Raymond James analysts Anthony Polini, David Long, and Michael Rose, who consider this to be the most important consideration for investors when looking at the banking sector. Mortgage banking revenue “The outlook for mortgage banking revenue is a key top-of-mind issue for investors throughout the duration of 2013 when considering revenue forecasts for banks,” they write. The MBA forecast is a 37 percent half-on-half drop in mortgage origination, down to $616 billion, and driven by a 55 percent decline in refinance…