Average IMB Made over $5,500 in Profit Per Loan in Q3

HousingWire, Dec. 3, 2020–James Kleimann
Independent mortgage banks and mortgage subsidiaries of chartered banks saw an average net gain of $5,535 on each loan they originated in the third quarter of 2020, up dramatically from the $4,548 in profit-per loan they recorded just a quarter prior, according to a new report from the Mortgage Bankers Association.
https://www.housingwire.com/articles/average-imb-made-over-5500-in-profit-per-loan-in-q3/