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【World Property Journal】Independent Mortgage Bank Profits in U.S. Go Negative in Q2

【World Property Journal】Independent Mortgage Bank Profits in U.S. Go Negative in Q2

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According to the Mortgage Bankers Association's newly released Quarterly Mortgage Bankers Performance Report, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter of 2022, down from a reported gain of $223 per loan in the first quarter of 2022.

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