IMBs lift profits in Q2 as costs fall, volumes rise
Lenders reported an average pretax net production profit of $973 per loan
Lenders reported an average pretax net production profit of $973 per loan
BELLINGS Intelligence Score: 18
Why it matters
The report of independent mortgage banks lifting profits due to falling costs and rising volumes is a routine operating update reflecting typical market conditions, with limited broader impact on credit markets or underwriting standards.
Sources
HousingWire
IMBs lift profits in Q2 as costs fall, volumes rise
Lenders reported an average pretax net production profit of $973 per loan