independent mortgage banks – PROGRESS in Lending

Production Profits Increase In Third Quarter Of 2021

November 30, 2021 PROGRESS In Lending independent mortgage banks, mortgage production profits

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter of 2021, up from a reported gain of $2,023 per loan in the second quarter of 2021, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.

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IMB Production Profits Decline But Still Post Record First Quarter

June 3, 2021 PROGRESS In Lending independent mortgage banks, MBA, profitability

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth quarter of 2020, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.