General World News

IMBs post ‘healthier’ profit gains in Q3 2025

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported stronger profits in the third quarter of 2025, as higher production revenue outpaced rising expenses.

That’s according to the Mortgage Bankers Association (MBA)’s Quarterly Mortgage Bankers Performance Report, released Tuesday. IMBs recorded an average pretax net production profit of $1,201 on each loan they originated in Q3 2025, representing an increase compared to the profit of $950 per loan in the prior quarter.

“After a series of volatile quarters since 2021, mortgage companies delivered healthier results in the third quarter,” said Marina Walsh, MBA’s vice president details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com