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MBA: IMBs Report Net Production Losses in Third-Quarter 2023
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023, according to the Mortgage Bankers Association’s newly released Quarterly Mortgage Bankers Performance Report.
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MBA Statement on FHFA’s 2024 Multifamily Loan Purchase Caps
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the Federal Housing Finance Agency's announcement of the 2024 multifamily lending purchase caps for Fannie Mae and Freddie Mac (the GSEs).
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MBA Weekly Survey Nov. 15: Mortgage Applications Increase
Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10, 2023.