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: Annual Origination Counts

Last week at the MBA Annual Convention and Expo in Philadelphia, our Research & Economics team presented the October forecast, which showed that total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.