In The News

IMB Production Profits Decline But Still Post Record First Quarter

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.

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