Items Tagged with 'Independent mortgage bank'

ARTICLES

  • MBA: The cost to produce a mortgage falls closer to historic lows

    Independent mortgage bank production profitability improves
    After a strong 2016, independent mortgage banks and mortgage subsidiaries of chartered banks recorded a slow start to the year. However, following seasonal norms, business started to pick up moving into the busy spring home buying season, the Mortgage Bankers Association latest Quarterly Mortgage Bankers Performance report found. On the positive side, this new report shows a shift in the recent rise of total loan production expenses.
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  • Rising interest rates become double-edged sword for mortgage-banker profits

    Cost to close keeps getting cheaper
    The recent growth of independent mortgage bank profit hit a speed bump when mortgage interest rates started to steadily increase toward the end of 2016. Now, despite the surge in profit at the start of 2016, independent mortgage bank profit is struggling. But rising interest rates aren't all bad news for the bottom line.
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  • Independent mortgage bank profits slowly trudge higher

    Profits hampered by MSRs
    While the increase isn’t as significant as last quarter’s rise, independent mortgage banks and mortgage subsidiaries of chartered banks still recorded a net gain on each loan they originated in the third quarter of 2016. It might not be extreme, but here are all the changes in mortgage banker profit in the 3Q.
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