IMBs and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $973 on each loan they originated in the second quarter, compared to a net production profit of $727 per loan in the first quarter, MBA reported.
Tag: Independent Mortgage Bankers
MBA’s Bob Broeksmit Testifies at House Hearing on Beneficial Basel III Re-proposal Recommendations for Real Estate Finance
MBA President and CEO Bob Broeksmit, CMB, testified at a legislative hearing titled, “Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities,” before the House Financial Services Committee.
Broeksmit: A Strong Start to 2026–And Strong Words Regarding Credit Reporting #MBAIMB26
AMELIA ISLAND, Fla.–While many people relaxed in December, MBA 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.
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.