The Average IMB Lost $1,015 Per Loan in Q3, Nearly Doubling Q2 Losses: MBA

HousingWire, Nov. 14, 2023-Connie Kim
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter of 2023. That’s nearly double the reported loss of $534 per loan in the previous quarter, according to the Mortgage Bankers Association (MBA).
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