Sunday, 25 September 2022 | 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.

Via:: Mortgage Bank Profits Down Despite Increased Production

      

Responses

Welcome

Need Help?

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