Walsh went on to note that, between the third and fourth quarters of 2025, the average IMB saw production volume rise, while revenues declined and the overall cost to originate stayed relatively flat. This was tied in part to increased
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average pretax net profit of $674 on each loan originated in the the fourth quarter of 2025 — a 44% decline compared to the $1,201 per-loan profit they posted in the third quarter.
The data released Wednesday by the Mortgage Bankers Association (MBA) indicated that lower revenues, rather than rising expenses, drove the decreased profitability.
“Net production profits averaged 17 basis points in the fourth quarter of 2025, an increase from losses of 4 basis points in the fourth quarter of 2024,” Marina Walsh, details ⇒
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