IMBs Increase Production Profits In The Third Quarter
Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports
Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports
Although revenue fell slightly, average production costs dropped by about $1,800 per loan.
Acra's former ranking was stable
Production losses down from $2,109 per loan in Q4 2023
ICE whitepaper finds mortgage fee cures cost $1,225 per loan, on average.
UWM's purchase volume saw a 7% increase from last quarter and a 15% increase YOY.
Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.
The typical resale price on flipped homes reached another all-time high of $328,000.
MBA says 2021 was still ‘stellar,’ but difficult times are ahead for 2022