US Banks Lost Money On Mortgages For The First Time Since The MBA Began Keeping Records
April 17, 2023 at 15:40 PM EDT
By ZeroHedge US banks lost money on mortgages in 2022, according to a report from the Mortgage Bankers Association (MBA), which noted that the average loss was $301 on each loan originated that year, vs. an average profit of $2,339 per loan in 2021. “The rapid rise in mortgage rates over a relatively short period […] Source
