A recent MBA report shared how the new losses represented a 113% decrease from how much a bank made last year. A year before its $301 loss, the bank's average income per mortgage was $2,339.
— unusual_whales (@unusual_whales) April 24, 2023
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Mortgage lenders are losing money on loans (for the first time, according to a Mortgage Bankers Association report)
— Andrew Lokenauth (@FluentInFinance) April 24, 2023
Housing has become so unaffordable that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 per loan in 2022 (primarily…
