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Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first quarter of 2022, down from a reported gain of $1,099 per loan in the fourth quarter of 2021, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
“It was a challenging mortgage market environment in the first quarter of 2022, with rising mortgage rates and
When was the last time you, the appraiser, thought about what placing a comparable sale on the 1004 form’s sales grid really communicates to your
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Question: “My state board recently charged me with authoring a misleading report. I got the client to write a letter to the state indicating my
Just as we were all arriving in Philadelphia for the Mortgage Bankers Association (MBA) Annual meeting, the Fed made a major announcement that they would
