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» Nonbank Mortgage Income Battered Again in Early 2023
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Nonbank Mortgage Income Battered Again in Early 2023
May 26, 2023
John Bancroft
Half of the 16 publicly traded nonbank mortgage lenders reported net losses in the first quarter. The MBA found independent mortgage bankers lost an average of $1 million, largely due to hugely unprofitable loan production. (Includes data chart.)
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