Friday, April 19, 2024 | The Latest Buzz for the Appraisal Industry

MBA: 95 Percent of Mortgage Banks Were Profitable in Q4 2020

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $3,738 on each loan they originated in the fourth quarter of 2020, down from a reported gain of $5,535 per loan in the third quarter of 2020, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.

“Driven by strong borrower demand and a study-high in average loan balances, production volume for independent mortgage companies

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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