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.
“As expected, the overall national mortgage delinquency rate increased in the fourth quarter of 2022 from its previous quarterly survey low,” said Marina Walsh, vice president of industry analysis at MBA. “The weaker economy and ongoing inflationary pressures contributed to the uptick in delinquencies. The delinquency rate – while still low – increased from the … [Read more…]
Mortgage rates expected to fall to 5.4% by late 2023, banking group … CNN
Mortgage delinquency rate rose to 3.96% in Q4, due in large part to issues caused by a weaker economy and ongoing inflationary pressures.