What Drove Mortgage Industry Gains in the Third Quarter?

MReport, Dec. 3, 2020–Cristin Espinosa
One of the key findings from MBA’s latest report was that the average pre-tax production profit was 203 basis points in Q3. This is an increase from an average net production profit of 167 basis points in the second quarter of this year. From the third quarter of 2008 to the most recent quarter, there was an average quarterly pre-tax production profit of 52 basis points.