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.
Tag: IMB
Realtor Litigation and the Implications for IMBs: #MBAIMB24
NEW ORLEANS–A recent court verdict and related litigation concerning the National Association of Realtors’ Multiple Listing Service rules regarding buyer real estate agent compensation could have significant implications for homebuyers and buy-side real estate agents–the primary source of referral business for most IMBs.
Broeksmit Discusses Recent Wins, Current Challenges: #MBAIMB24
NEW ORLEANS–In the face of a difficult business climate, the Mortgage Bankers Association is fighting for Independent Mortgage Bankers every day to ensure they can deliver for borrowers, MBA President and CEO Robert Broeksmit, CMB, said here at MBA’s Independent Mortgage Bankers conference.
The Light at the End of the Tunnel: #MBAIMB24
NEW ORLEANS–There is light at the end of the tunnel, MBA Vice President of Industry Analysis Marina Walsh, CMB, told attendees here at MBA’s Independent Mortgage Bankers conference.
Designed by IMBs for IMBs: MBA Independent Mortgage Bankers Conference Starts Jan. 22
Join MBA in New Orleans for a conference held by independent mortgage bankers for independent mortgage bankers, where IMBs give direct input on all conference content.
MBA Independent Mortgage Bankers Conference, Jan. 22-24 in New Orleans. Register by Dec. 11 to Save
Join us in vibrant New Orleans for MBA’s Independent Mortgage Bankers Conference. This is the industry event of the year built for IMBs by IMBs, with a program designed exclusively for the executives and leadership teams of independent mortgage bankers of all sizes and business models. Build lasting and important relationships, hear from other IMBs, and learn meaningful solutions to make an impact for your business.
Register by Dec. 11 to Save: MBA Independent Mortgage Bankers Conference, Jan. 22-24
Join us in vibrant New Orleans for MBA’s Independent Mortgage Bankers Conference. This is the industry event of the year built for IMBs by IMBs, with a program designed exclusively for the executives and leadership teams of independent mortgage bankers of all sizes and business models. Build lasting and important relationships, hear from other IMBs, and learn meaningful solutions to make an impact for your business.
MBA: IMBs Report Net Production Losses in the Second Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter, an improvement from the reported loss of $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
MBA: IMBs Report Net Production Losses in the Second Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter, an improvement from the reported loss of $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
MBA: IMB Production Profits Fall in 2021 from Record 2020
Despite above-average production profits, mortgage banks saw a decline in 2021 from record profits in 2020, the Mortgage Bankers Association reported Monday.