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Advocacy Update: VA Responds to MBA’s Advocacy; Will Address Buyer Commission Prohibition by June 12
This week’s top legislative and policy news from the Mortgage Bankers Association.
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MBA Chart of the Week: Percent of IMBs With Positive Pre-Tax Net Income
According to MBA’s Q1 2024 Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production loss of 25 basis points, or $645 per loan.
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Pending Home Sales Dip, Redfin Reports
Pending home sales fell 4.3% from a year earlier during the four weeks ending May 12, the biggest decline in roughly three months, according to a new report from Redfin.