#loan-production

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#mortgage-industry

Mortgage lenders made an average profit of $701 per loan in Q3

Independent 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.

UWM drops LLPAs on most government loans

UWM has eliminated LLPAs on government loans to improve affordability for consumers with higher credit scores.

Mortgage lenders made an average profit of $701 per loan in Q3

Independent 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.

UWM drops LLPAs on most government loans

UWM has eliminated LLPAs on government loans to improve affordability for consumers with higher credit scores.
moremortgage-industry
#profitability

That'll do: Average IMB posts net profit of $693 per loan in Q2 2024

IMBs report a pre-tax net profit of $693 per loan in Q2 2024 after two years of losses.

Pennymac posts first-quarter profit of $39M

Pennymac Financial Services earned a profit of $39.3 million in Q1 2024, showing improved performance compared to the previous quarter.

That'll do: Average IMB posts net profit of $693 per loan in Q2 2024

IMBs report a pre-tax net profit of $693 per loan in Q2 2024 after two years of losses.

Pennymac posts first-quarter profit of $39M

Pennymac Financial Services earned a profit of $39.3 million in Q1 2024, showing improved performance compared to the previous quarter.
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