MBA: The cost to produce a mortgage falls closer to historic lows

After a strong 2016, independent mortgage banks and mortgage subsidiaries of chartered banks recorded a slow start to the year. However, following seasonal norms, business started to pick up moving into the busy spring home buying season, the Mortgage Bankers Association latest Quarterly Mortgage Bankers Performance report found. On the positive side, this new report shows a shift in the recent rise of total loan production expenses.
Source: HousingWire Magazine