Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of 17 basis points, or $693 on each loan they originated in the second quarter. according to MBA’s Quarterly Mortgage Bankers Performance Report.
Tag: Production
MBA: IMB Production Losses Reach Series High in 2023
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2023. This represents a series high in the 15-year history of the MBA Annual Mortgage Bankers Performance Report.
MBA: 2020 IMB Production Volumes, Profits Hit Record-Highs
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan they originated in 2020, up from $1,470 per loan in 2019, the Mortgage Bankers Association reported Wednesday