Generating a 56.5% return on their homes, sellers are still making quite a profit on their homes, but that number has dropped for the first time since 2011.
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Independent Mortgage Bank Origination Profits Take Q1 Hit
As the industry continues to face challenging conditions, the MBA reports that independent mortgage banks have endured four consecutive quarters of production losses, and nine consecutive quarters of volume declines.
Read More »Don’t Get Lost in the Margins
Margin compression remains a major issue for lenders nationwide, and Gerald Dorman of Nomis Solutions provides some key strategies to reversing the trend of declining profitability.
Read More »Profit Margins Weighing Heavy on Lenders’ Minds
Slow household formation, mortgage demand, and compliance costs associated with new regulatory requirements are impacting lenders' business operations and profitability in the housing market.
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