Show Me Less Money? MBA Reports Mortgage Profits Nearly Slashed in Half

HousingWire, Apr. 17, 2018–Jacob Gaffney
According to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016.