MBA: IMBs Post Net Production Profit for First Time in Two Years

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the second quarter, an increase from the reported loss of $645 per loan in the first quarter, according to the Mortgage Bankers Association’s new Quarterly Mortgage Bankers Performance Report.

MBA: IMBs Report Net Production Losses in the Fourth Quarter of 2023

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter, an increase from the reported loss of $1,015 per loan in the third quarter, according to the Mortgage Bankers Association’s newest Quarterly Mortgage Bankers Performance Report.

MBA Chart of the Week: IMB Average Unrestricted Cash & Cash Equivalents

MBA Research recently released the third quarter results of its Quarterly Mortgage Bankers Performance Report. The results showed that independent mortgage banks and bank subsidiaries reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023.

MBA: IMBs Report Net Production Losses in Third-Quarter 2023

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023, according to the Mortgage Bankers Association’s newly released Quarterly Mortgage Bankers Performance Report.