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.

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. 

More companies are shifting their office portfolio strategy toward expansion after focusing on contraction since the pandemic, according to a new CBRE survey.