Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of ,738 on each loan they originated in the fourth quarter of 2020, down from a reported gain of ,535 per loan in the third quarter of 2020, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
“Driven by strong borrower demand and a study-high in average loan balances, production volume for independent mortgage companies
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