Monday, 12 April 2021 | 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

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