Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2023. This represents a series high in the 15-year history of the MBA Annual Mortgage Bankers Performance Report.
Tag: Independent Mortgage Banks
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.
LoanLogics’ Roby Robertson: Revolutionizing Mortgage Banks–A Smarter Approach to Staffing with Business Outcome Automation
Balancing staffing levels with the ebb and flow of interest rate fluctuations poses an ongoing challenge for independent mortgage banks (IMBs).
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.
To the Point With Bob: Thoughts Ahead of #MBAIMB24–Consumers Benefit From Large, Diverse Collection of Mortgage Lenders
MBA President and CEO Bob Broeksmit, CMB, shares his thoughts on topics related to IMBs ahead of #MBAIMB24.
Brian Webster From NotaryCam: Transforming Home Equity Lending–Why Mortgage Lenders Should Embrace eClosings
Home equity lending is back. According to the Mortgage Bankers Association’s Home Equity Lending Study, originations of open-ended Home Equity Lines of Credit and closed-end home equity loans increased by 50% in 2022 compared to 2020.
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 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: IMBs Report Pre-Tax Net Production Losses in 1Q
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $1,972 on each loan they originated in the first quarter, an improvement from the reported loss of $2,812 per loan in the fourth quarter, the Mortgage Bankers Association reported Thursday.