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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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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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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