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Lenders Lost $301 for Each Mortgage They Made Last Year
Wall Street Journal, Apr. 10, 2023–Ben Eisen (subscription)
Banks and mortgage companies lost $301 on average for each loan they originated in 2022, the first year where they took such losses since at least 2008, according to a report released last week by the trade group Mortgage Bankers Association.
https://www.wsj.com/livecoverage/stock-market-news-today-04-10-2023/card/lenders-lost-301-for-each-mortgage-they-made-last-year-V9QpxDbxi0LyGjpBwrKz