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Home›Real Estate›Mortgages›IMBs see higher Q2 profits as costs fall and loan volu…

IMBs see higher Q2 profits as costs fall and loan volumes rise

HousingWire reports lenders posted an average pretax net production profit of $973 per loan in the quarter.

Reported · Written up by our desk · Mortgages

HousingWire reports that independent mortgage bankers saw higher second-quarter profits as costs declined and loan production volumes increased.

In its coverage of Q2 results, HousingWire said lenders reported an average pretax net production profit of $973 per loan.

The outlet attributed the improvement to the combination of falling costs and rising volumes during the quarter.

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Sources

HousingWireIMBs lift profits in Q2 as costs fall, volumes rise

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