The quarter-over-quarter decline in housing finance profitability was the first since the start of the coronavirus pandemic.
Fourth-quarter profitability was still the third-highest on record, topped only by the two preceding quarters.
-
The Rise of Digital Mortgages in Lending: How Tech Innovations are Reshaping the Market Explore the rise of digital mortgages and how technology innovations are transforming the lending market. Learn about AI, blockchain, and digital platforms reshaping the mortgage industry.
Estimated reading time: 0 minutes, 24 seconds
Mortgage Lending Profits Fall by Almost One-Third
Independent mortgage banks and mortgage subsidiaries of chartered banks saw an average per-loan profit of $3,738 in the fourth quarter of last year, a nearly one-third drop from the third quarter, according to data from the Mortgage Bankers Association. So reports Asset Securitization Report.
MOST READ STORIES
Fast,Easy & Free
