MBA: IMB Profits Rise to Near Seven-Year High in 3Q

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated in the third quarter, up from $1,675 per loan in the second quarter, the Mortgage Bankers Association reported this morning.

MBA Chart of the Week: Warehouse Lines for Loans Held for Sale

This week’s chart plots quarter-end average warehouse usage levels from inception of the MBA Warehouse Lending Survey in June 2018 through September 2019. It further compares these usage levels to MBA estimates of purchase and refinance origination volume for the respective quarters.