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Lenders are still losing money on each home loan

Por: The Hill Politics May 20, 2023

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Mortgage lenders again lost money on each loan originated in the first quarter of the year, after recording record losses in the last quarter of 2022, according to Mortgage Bankers Association (MBA).  Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $1,972 on each loan, the data showed. Reported losses in the fourth quarter reached more than $2,800 per loan.  lost an average of $301 for each loan... + full article



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