Mortgage Banker Profits Decline in Second Quarter

World Property Journal, Aug. 27, 2021
According to the Mortgage Bankers Association’s latest Quarterly Mortgage Bankers Performance Report, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,023 on each loan they originated in the second quarter, down from a reported gain of $3,361 per loan in the first quarter.