Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,182 on each loan they originated in the fourth quarter, the Mortgage Bankers Association reported this morning.
Fannie Mae: Lenders’ Profit Margin Outlook Hits High on Strong Consumer Demand
Fannie Mae, Washington, D.C., said mortgage lenders’ profit margin outlook for the next three months reached a new survey high based on data collected last month.
2019 Home-Flipping Reaches 8-Year High; Returns at 8-Year Low
ATTOM Data Solutions, Irvine, Calif., released its year-end 2019 U.S. Home Flipping Report, which showed 245,864 single family homes and condos in the United States flipped in 2019, up 2 percent from 2018 to the highest point since 2006.
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.
Staying Profitable in a Competitive Market
AUSTIN, TEXAS–Lenders can stay profitable in good markets and bad by making changes on both the expense and the revenue side, analysts said here at the Mortgage Bankers Association’s 2019 Annual Convention & Expo.