Rising production expenses hit IMB profits in Q4 2024 by Sarah Wolak for HousingWire
HousingWireHousingWire Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in Q4 2024, a decrease from the reported net profit of $701 per loan in Q3 2024. That’s according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage…
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