Average IMB lost $2,812 per origination in Q4Â
Only one in four IMBs were profitable in Q4 2022 amid loan production expense hitting a study high of $12,450 per loan, according to the MBA.
Only one in four IMBs were profitable in Q4 2022 amid loan production expense hitting a study high of $12,450 per loan, according to the MBA.
The FHFA announced that it would delay the implementation of a controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.
The threat of warehouse-line contractions and margin calls is real for IMBs after a series of bank failures, but not a foregone conclusion, industry experts say.
The collapse of Silicon Valley Bank and Signature may trigger lower mortgage rates, but it will likely increase scrutiny on IMBs and their risk management strategies.
The CHLA report rebuts the myth that âIMBs are unregulated” by listing the raft of consumer regulations that apply to IMBs.
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Ginnie Delivery, Fee Collection, Processing, Insurance, Warehouse Mgt. Tools; Celebrity Home Loans’ Goodbye Letter Mortgage News Daily
The CHLA wants small banks to be exempted from the proposed CFPB rules that order registry for nonbank financial services providers.