Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

Mortgage Bank Profits Down Despite Increased Production

By Tory Barringer

Home lenders took in an average profit of $897 on each loan they originated over Q3, the Mortgage Bankers Association (MBA) said Thursday. That average was down from $954 in the second quarter but still a vast improvement from an average per-loan loss of $194 in the first quarter.

The post Mortgage Bank Profits Down Despite Increased Production appeared first on theMReport.com.

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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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