lender profits

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Lenders are making more money on mortgages than they have in nearly 3 years

Aug 29, 2019By

Good news, lenders! Originating a mortgage is profitable again, as lenders reported making a solid profit per loan in the second quarter. In fact, lenders made more money per loan than they did during any quarter since 2016, according to a report released Thursday by the MBA. One of the contributing factors was a decline in production expenses, a reduction of more than $1,500 per loan, the largest quarterly decline since the inception of the study in 2008.