Lenders are making more money on mortgages than they have in nearly three years

Good news, lenders! Originating a mortgage is profitable again, as lenders reported making a solid profit per loan in the second quarter. In fact, lenders made more money per loan than they did during any quarter since 2016, according to a report released Thursday by the MBA. One of the contributing factors was a decline in production expenses, a reduction of more than $1,500 per loan, the largest quarterly decline since the inception of the study in 2008.