Business intelligence
fromwww.housingwire.com
2 months agoRising production expenses hit IMB profits in Q4 2024
61% of companies reported pre-tax profits in Q4 2024, declining from 71% in Q3.
Net production losses have resumed after two quarters of gains.
Larger volume lenders benefitted from economies of scale amid rising production expenses.
The average pre-tax production loss was 4 bps in Q4 2024.