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MBA: 2022 IMB Production Profits Fall to Series Low
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, down from an average profit of $2,339 per loan in 2021, according to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report.
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MBA Urges CFPB to Withdraw Nonbank Registry Proposal
The Mortgage Bankers Association, in its second letter to the Consumer Financial Protection Bureau, urged the Bureau to withdraw a proposal requiring nonbanks to register and report their use of certain terms and conditions in form contracts for consumer financial products and services.
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ATTOM: 2022 Single-Family Property Taxes Up 4%
Property taxes on single-family homes grew 3.6% last year, more than double 2021’s 1.6% growth rate, reported ATTOM, Irvine, Calif.
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FHFA Updates Equitable Housing Finance Plans for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency updated Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans for 2023.
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MBA Secondary and Capital Markets Conference in NYC May 21-24
The Mortgage Bankers Association's Secondary & Capital Markets Conference returns to the New York Marriott Marquis May 21-24.