www.housingwire.com
1 month agoBusiness
The average retail mortgage lender lost $645 per loan in Q1 2024 but that's actually a good thing
IMBs and chartered bank subsidiaries saw a decrease in per-loan losses in Q1 2024, with improved production revenue and decreased costs.
Profitability of mortgage companies increased in Q1 2024 compared to Q4 2023, with more companies becoming profitable in the first quarter. [ more ]