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Posted by  ikando on 6/12/19 11:00am

MBA reports profits in first quarter

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks have seen an upswing in profitability since ending 2018 on a down note. The Mortgage Bankers Association’s (MBA) latest Quarterly Mortgage Bankers Performance Report this year showed that IMBs saw a net gain of $285 on each loan they originated in the first quarter of 2019, up from a reported $200 loss per loan they saw in the fourth quarter of 2018.
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