MBA: Mortgage Banker Profits Decreased In Q3

Posted by Patrick Barnard on December 08, 2015 No Comments
Categories : Residential Mortgage

Mortgage bankers reported a net gain of $1,238 per loan in the third quarter – down from $1,522 in the second quarter but up from $897 in the third quarter of 2014, according to the Mortgage Bankers Association's (MBA) Quarterly Mortgage Bankers Performance Report.

Average production volume reached about $614 million per company – down from the study high of $657 million per company in the second quarter but up significantly compared with $437 million in the third quarter of 2014.

Purchase volume among MBA member lenders reached 70% in the third quarter compared with 62% in the second quarter. For the mortgage industry as a whole, the MBA estimates that the purchase share for the third quarter was about 63%.

The volume by count per company averaged 2,609 loans in the third quarter – down from the study high of 2,714 loans in the second quarter. Despite this decrease, the third-quarter average production volume in both dollar and count was the second highest reported since the inception of the Performance Report in the third quarter of 2008, the MBA reports.

To access the full report, click here.

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