Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter, a decrease from the reported net profit of $701 per loan in the third quarter, MBA’s Quarterly Mortgage Bankers Performance Report found.

This week’s top legislative and policy news from the Mortgage Bankers Association.

A new report from ServiceLink, Pittsburgh, found that Gen Z remains eager to buy a home. But high interest rates and home prices could deter them from crossing the finish line as their tolerance is waning.