Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average pretax net profit of $674 on each loan originated in the the fourth quarter of 2025 — a 44% decline compared to the $1,201 per-loan profit they posted in the third quarter. The data released Wednesday by the Mortgage Bankers Association (MBA) […]
IMB per-loan profits fell 44% in Q4 2025 Read More »
Mortgage rates got hit 3 times on Wednesday, with the net effect being a move back up to the highest levels in several months. The average lender isn’t quite as high as they were last Friday, but after late-day “reprices” many are fairly close. The least of the bond market’s concerns (bonds dictate rates) was
Mortgage Rates Move Back Up Near Recent Highs Read More »
UWM Holdings may have to increase its offer to get the agreed to purchase of Two Harbors over the finish line, industry analysts are speculating. Processing Content Two Harbors adjourned the special meeting that was to approve the deal on March 16 to March 24 in order to solicit more proxies. But the first sign
UWM’s Two Harbors deal in doubt, analysts warn Read More »