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.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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.
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