It wasn’t a complete record setter, but
mortgage bankers still established a few same quarter and other new highs as
they kicked off the year with another profitable quarter. The first quarter
2021 Mortgage Bankers Performance Report from the Mortgage Bankers
Association (MBA) shows a net gain of $3,361 on each loan originated by
independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks.
This was down from their reported profit of $3,738 per loan in the fourth
quarter of last year. Combining both
production and servicing operations, 97 percent of firms posted overall
profitability during the quarter compared to 95 percent in Q4.