Two prominent mortgage executives offered some words of wisdom last week on how to tackle the industry's biggest dilemma - the low level of profitability.

Thomas Jacob, chairman and chief executive officer of Edison, N.J.-based Chase Manhattan Mortgage Corp., and Donald E. Lange, president and chief executive officer of Weyerhaeuser Mortgage Co., Woodland Hills, Calif., spoke about profitabilty and other challenges facing the industry at the Mortgage Bankers Association of America's conference for senior executives.

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