According to a survey by the Mortgage Bankers Association, three out of four independent mortgage banks were in the red during the last three months of 2022.
The survey found that the lenders averaged a fourth-quarter loss of $2,812 per loan.
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New Strides in Inclusive Mortgage Lending Practices Explore new inclusive practices in mortgage lending that focus on equitable finance. Learn how lenders are extending opportunities to underserved communities with broader data metrics and education initiatives.
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Mortgage Banks’ Belt-Tightening Couldn’t Beat Volume Decline
Most mortgage lenders bled cash in the fourth quarter, notwithstanding thoroughgoing attempts to cut costs. So reports The Real Deal.
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