Rick Sharga: Is this the end of the housing recovery?

Rick Sharga: Is this the end of the housing recovery?

Maybe it wasn’t the snow after all

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"

Unemployment down almost half from this week last year

At lowest level since December 2007
W S
Lending / The Ticker

MBA: Independent mortgage banker profits rise in 3Q

/ Print / Reprints /
| Share More
/ Text Size+

Average loan production volume was $450 million per company in the third quarter, up from $371 million from last quarter. The average volume by count per company rose to 2,010 loans, compared to 1,700 loans in the second quarter, according to the Mortgage Bankers Association.

Independent mortgage banks and mortgage subsidiaries posted an average profit of $2,465 on each loan originated in the third quarter, up from $2,152 per loan from last quarter. 

"Both purchase volume and refinancing volume increased in the third quarter, resulting in higher net production profits among independent mortgage bankers,” said MBA Associate Vice President of Industry Analysis Marina Walsh. “Secondary marketing gains improved by 14 basis points over the second quarter. However, per loan expenses remained flat despite higher volumes.”

To read the full performance report, click here
 

Recent Articles by HousingWire Staff

Comments powered by Disqus