Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

Independent Mortgage Banks Experience Production Profit Decrease in Q1 2022

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

Responses

Welcome

Need Help?

Our knowledge base will help you and find the answers you're looking for.