Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter of 2023. That’s nearly double ...
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the ...
The Fed has been losing money weekly since September 2022 due to an Asset/Liability Mismatch, earning less on assets than paying on liabilities. The Fed's operating losses are shrinking, with average ...
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