“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh.
The post Production Profits Plummet for Independent Mortgage Banks appeared first on Weekly Real Estate News.
The Mortgage Bankers Association (MBA) noted a slight decrease in mortgage applications during the week ended April 28. Joel Kan, MBA’s Vice President and Deputy Chief Economist, said the 1.2 percent decrease in MBA’s seasonally […]
Fixed mortgage rates have risen again after a brief fall, according to the latest market data. The average two-year homeowner mortgage rate on the market edged back up to 6.8% on Friday from 6.79% yesterday, […]
The 30-year fixed mortgage rate declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2% on a seasonally adjusted […]
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