Mortgage Banks Reported Negative Profits for the First Time Ever in 2022
Pro Builder
APRIL 11, 2023
The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan." The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. Read more Financing Affordability Market Data + Trends Financing
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