Independent Mortgage Banks Enjoyed Fast Rising Profits in 2019

World Property Journal, Apr. 20, 2020–Michael Gerrity
The Mortgage Bankers Association’s latest Annual Mortgage Bankers Performance Report said independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,470 on each loan they originated in 2019, up from $367 per loan in 2018.