What The CFPB’s 2025 Priorities Memo Means For Lenders
As mass layoffs at the agency are paused, law firm Garris Horn’s Senior Partner calls memo’s info, detail a ‘huge win’
Tagged: Independent Mortgage Banks
CFPB Changes Course, Reportedly Chops Down Staff
Consumer finance watchdog’s headcount reportedly at about 12% as internal memo calls for focus on mortgages, big banks
CFPB Re-Emerges, Offers Regulatory Relief For Certain Small Loan Providers
CHLA calls relief from registration reg a win for small independent mortgage banks
IMBs Post Net Production Profits After Two-Year Slump
Although revenue fell slightly, average production costs dropped by about $1,800 per loan.
IMBs Report Losing $645 Per Loan In Q1 2024
Production losses down from $2,109 per loan in Q4 2023
Why IMBs Don't Need A CRA Cramdown
Listen to the August 2023 Cover of Mortgage Banker Magazine.
IMBs Suffer Net Production Loss For Sixth Consecutive Quarter
MBA report indicates $1,015 loss per loan in Q3; servicing rights keep the lights on
MBA: IMBs Lost 30% Less On Loans Originated In Q1
32% of companies were profitable in Q1, up from 25% in Q4.
MBA: 2022 Was Worst Year On Record For IMBs
Annual report says IMBs, on average, lost money on originated loans for the first time in since report was founded in 2008.