MBA: Independent Mortgage Banks Got Walloped in 2022

MortgageOrb, Apr. 7, 2023–Michael Bates
The Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report shows that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, down from an average profit of $2,339 per loan in 2021.