Independent mortgage banks and mortgage subsidiaries of chartered banks posted a net gain of $1,099 on each loan they originated in the fourth quarter, down from $2,594 in the third quarter, according to the MBA’s Quarterly Mortgage Bankers Performance Report.
“After a two-year run of above-average profitability, pre-tax net production income per loan reached its lowest level since the first quarter of 2019," Marina Walsh, MBA’s vice president of industry analysis, said in a statement.
