Tag Archives: Marina Walsh

“For the third consecutive quarter, the average pre-tax net production income was in the red, reaching a new survey low of 99 basis points of loss in the final three months of 2022,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.

The most recent outlook from the Mortgage Bankers Association expects total origination volume to decline nearly 10% next year. Click through to find what else the MBA is forecasting.

Independent Mortgage Bankers enjoyed success in 2021, despite an environment of increased expenses, rising mortgage rates, and lower refis.

All-time low rates drove the housing market to new highs in 2020, as independent mortgage banks saw record profits of $4,200-plus per loan.

The 2017 Quarterly Mortgage Bankers Performance Report for Q1 was released on Tuesday and reported that independent mortgage banks were having a rough start in the first quarter of 2017. Per loan, gains and production costs are down, resulting in lower net profits. Q1 was also a record breaking quarter for two statistics since its inception in 2008.