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The Average Retail Mortgage Lender Lost $645 Per Loan in Q1 2024 — but That’s Actually a Good Thing
HousingWire, May 23, 2024-James Kleimann
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association’s (MBA) newest quarterly performance report.
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