Tag: mortgage bankers association

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…

By Steve
3 min read

Mortgage Applications Plummet To 22-Year Low

Mortgage Applications Plummet To 22-Year Low As Home Sales Drop 14% From A Year Ago.  Mortgage applications have hit a 22-year low demand for homes is drying up. This is due to raising interest rates soar and plunging home sales. The lending industry is pointing the finger at the Federal Reserve‘s interest rate hikes. The…

By Steve
3 min read