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.

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).

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.