Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $950 on each loan they originated in the second quarter, according to MBA's latest Quarterly Mortgage Bankers Performance Report.

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,428,000, the Census Bureau reported Aug. 19.

Mortgage applications decreased 1.4% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending Aug. 15, 2025.