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Lending and Originations

IMBs Report Q3 2022 Losses

According to the latest Quarterly Mortgage Bankers Performance Report, IMBs and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in Q3 of 2022, down from a reported loss of $82 per loan in Q2 of 2022.

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Investor Home Sales Slide in Q3

Redfin reports investor home purchases dropped 30% in Q3 2022, the largest decline reported since the Great Recession aside from Q2 2020, at the outset of the pandemic.

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