MBA: 1Q IMB Production Profits Decrease

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first quarter, a sharp drop from a reported gain of $1,099 per loan in the fourth quarter, the Mortgage Bankers Association reported Tuesday.

MBA: 1Q IMB Production Profits Decrease

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first quarter, a sharp drop from a reported gain of $1,099 per loan in the fourth quarter, the Mortgage Bankers Association reported Tuesday.

MBA: Mortgage Delinquencies Decrease in First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the first quarter’s close, the Mortgage Bankers Association’s National Delinquency Survey reported.

MBA: Mortgage Delinquencies Decrease in First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the first quarter’s close, the Mortgage Bankers Association’s National Delinquency Survey reported.

Quote

“The mortgage delinquency rate dropped for the seventh consecutive quarter, reaching its lowest level since the fourth quarter of 2019. The decrease in delinquency rates was apparent across all loan types, and especially for FHA loans.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.