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MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1

by Phil Hall | May 18, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

There was bad news and good news for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks during the first quarter of this year. The bad news: these entities reported a net loss of $1,972 on each loan they originated during the quarter,...

MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1

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