Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a Mortgage Bankers Association survey found.
Source: Inman News
Even after layoffs, 3 in 4 mortgage lenders lost money in Q4 2022
Published in independent mortgage banks, Markets & Economy, Mortgage, mortgage originations, mortgage profits, mortgage rates, mortgage servicing and Select
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