Chart of the Week: IMB Pre-Tax Net Production Income

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of 4 basis points in the fourth quarter, a decrease from the net profit of 18 basis points in the third quarter, MBA’s Quarterly Mortgage Bankers Performance Report found.

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 Chart of the Week May 19, 2023: % of IMBs with Pre-Tax Net Income

Today’s Chart of the Week compares the percentage of companies in the QPR that reported positive pre-tax net income including all lines of business (e.g. production and servicing operations), versus the percentage of companies that reported positive pre-tax net income, once servicing operations are excluded.   

#MBATech23: Challenging Economic Conditions Persist

SAN JOSE, Calif.—After several years of extraordinary—and unexpected—mortgage performance despite the coronavirus pandemic, 2023 is a decidedly different—and less desirable—business environment, said MBA economists.