After a record $4,202 per loan in 2020, independent mortgage banks and mortgage subsidiaries of chartered banks averaged a profit of $2,339 on each loan they originated in 2021, according to the MBA.
“Performance in the second half of 2021 declined relative to the first half of the year, which is an indication of where market conditions are heading in 2022 in an environment of high expenses, rising mortgage rates, and lower refinance originations,” Marina Walsh, MBA’s vice president of industry analysis, said in a statement.
