Independent Mortgage Banks See Losses Skyrocket By 800%
Independent Mortgage Banks See Losses Skyrocket By 800%
MBA Says Independent Mortgage Banks Saw Losses Increase By 800%. Report Says Loan Servicing Is The Only Thing Keeping IMBs Alive The loan losses continue to grow for independent mortgage banks aka IMBs. The Mortgage Bankers Association (MBA) is out with new numbers and they are not good. The report shows IMBs reported a net loss of $624 on each loan they originated in the third quarter of…
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