Monday, 17 January 2022 | The Latest Buzz for the Appraisal Industry

MBA Reports Increase in Independent Mortgage Banks’ Production Profits

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter of 2021, up from a reported gain of $2,023 per loan in the second quarter of 2021, according to the Mortgage Bankers Association‘s (MBA) latest Quarterly Mortgage Bankers Performance Report.

“Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was

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