AMELIA ISLAND, Fla.–While many people relaxed in December, the Mortgage Bankers Association was on a tear–including tackling the important issue of credit scores and credit reporting–MBA President and CEO Bob Broeksmit, CMB, said here at MBA’s Independent Mortgage Bankers conference.
Tag: Independent Mortgage Bankers
MBA: IMBs Report Production Profits in Second Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $950 on each loan they originated in the second quarter, according to MBA’s latest Quarterly Mortgage Bankers Performance Report.
Independent Mortgage Bankers Post Net Production Profits in 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.