MBA: IMBs Report Net Production Losses in the Fourth Quarter of 2023
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter, an increase from the reported loss of $1,015 per loan in the third quarter, according to the Mortgage Bankers Association’s newest Quarterly Mortgage Bankers Performance Report.
Advocacy Update: MBA Leads Trigger Leads Coalition Letter; FY 2025 Budget Request; Realtors Reach Settlement in Commissions Litigation
This week’s top legislative and policy news from the Mortgage Bankers Association.
Yardi Matrix: Multifamily Rents Rose Slightly in February
Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.
