Freddie Mac’s Kevin Kauffman on DPA, Repurchases: #MBAIMB24

NEW ORLEANS–It’s important to solve problems together as an industry, Freddie Mac Vice President of Single-Family Client Engagement Kevin Kauffman said here at MBA’s Independent Mortgage Bankers Conference.

MBA: IMBs Report Net Production Losses in the Second Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter, an improvement from the reported loss of $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.