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MBA: IMBs Post Net Production Profit for First Time in Two Years
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the second quarter, an increase from the reported loss of $645 per loan in the first quarter, according to the Mortgage Bankers Association’s new Quarterly Mortgage Bankers Performance Report.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 10.1% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending Aug. 16, 2024.
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More Companies Shifting Office Strategies, CBRE Finds
More companies are shifting their office portfolio strategy toward expansion after focusing on contraction since the pandemic, according to a new CBRE survey.