Mortgage Delinquencies Increase Slightly in First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.04% of all loans outstanding at the end of the first quarter, according to MBA’s National Delinquency Survey.

IMBs Report Production Losses in Fourth Quarter of 2024

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter, a decrease from the reported net profit of $701 per loan in the third quarter, MBA’s Quarterly Mortgage Bankers Performance Report found.

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.