Mortgage lenders made an average profit of $701 per loan in Q3Independent mortgage banks showed increased profitability in Q3 2024, but fewer reported profits compared to Q2, indicating challenges ahead.Average pretax net profit per loan rose to $701 in Q3 2024.
MBA head Bob Broeksmit talks IMB victories ahead of the 2024 electionBroeksmit believes housing affordability is now a priority, although he questions the efficacy of some proposals.
Opinion: Unlocking the Pass-Through Assistance Program's potentialPTAP needs reform to effectively support mortgage servicers facing ongoing economic challenges amidst the potential for liquidity crises.