DataDigest: Mortgage pros when the tide goes out
Housing Wire
JUNE 28, 2023
After all, the average retail lender lost nearly $2,000 per loan in the first quarter, and I expect losses to be similar in Q2 and elevated in Q3. Other responses included cutting down excessive incentives, business trips, open houses and sponsorships. Mortgage is famously an unforgiving, low-margin business.
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