Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, according to MBA’s newly released Quarterly Mortgage Bankers Performance Report.
Tag: Quarterly Mortgage Bankers Performance Report
IMBs Report Slight Production Losses in First Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, compared to a net loss of $40 per loan in the fourth quarter of 2024, according to MBA’s Quarterly Mortgage Bankers Performance Report.
IMBs Report Production Losses in Fourth Quarter of 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter, a decrease from the reported net profit of $701 per loan in the third quarter, MBA’s Quarterly Mortgage Bankers Performance Report found.
MBA Chart of the Week: Third-Quarter Pre-Tax Net Production Income by Percentile
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a simple average pre-tax net profit of 18 basis points, or $701 on each loan they originated in the third quarter, according to MBA’s Quarterly Mortgage Bankers Performance Report.
MBA: IMB Production Profits Increase in Third Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $701 on each loan they originated in the third quarter, an increase from the reported net profit of $693 per loan in the second quarter, according to the Mortgage Bankers Association’s new Quarterly Mortgage Bankers Performance Report.
MBA Chart of the Week: Percent of IMBs With Positive Pre-Tax Net Income
According to MBA’s Q1 2024 Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production loss of 25 basis points, or $645 per loan.
MBA: IMBs Report Net Production Losses in the First Quarter of 2024
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated in the first quarter of 2024, a decrease from the reported loss of $2,109 per loan in the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.