Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated in the first quarter of 2024, a decrease from the reported loss of $2,109 per loan in the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.

NEW YORK--With election season well underway, some are speculating about a renewed effort to release the GSEs from conservatorship. Two policy analysts discussed the possibility here at MBA’s Secondary and Capital Markets Conference and Expo.

Sales of new single-family homes in April were at a seasonally adjusted annual rate of 634,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development.