Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Mortgage Lenders Saw Average Profit Per Loan Rise

:Mortgage Lenders Saw Average Profit Per Loan Rise in the Second Quarter

Mortgage lenders reported a net gain of $1,675 on each loan they originated in the second quarter, up from $285 per loan in the first quarter, according to the Mortgage Bankers Association's Quarterly Mortgage Bankers Performance Report.

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