MBA Chart of the Week May 19, 2023: % of IMBs with Pre-Tax Net Income

Today’s Chart of the Week compares the percentage of companies in the QPR that reported positive pre-tax net income including all lines of business (e.g. production and servicing operations), versus the percentage of companies that reported positive pre-tax net income, once servicing operations are excluded.   

Home Sellers See Further Declines in Profits

ATTOM, Irvine, Calif., reported profit margins on median-priced single-family home and condo sales across the United States decreased to 44.2 percent in the first quarter as home prices stayed flat or kept declining around most of the nation.

MBA Report: IMBs Report 3Q Losses

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan originated in the third quarter, the Mortgage Bankers Association reported Friday.

Scott Roller: Turning Vendor Management into a Profit Center

Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.

Scott Roller: Turning Vendor Management into a Profit Center

Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.