IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency ...

IMBs have no taxpayer backing, don’t take deposits from communities, and instead of diverting capital out of communities, access capital markets to bring affordable mortgages into underserved ...

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter of 2023, an improvement from the ...

Independent mortgage banks (IMBs) have been around for more than a century. but have taken on increased significance and power in the marketplace since the housing crisis. The Mortgage Bankers ...

IMBs are originating for borrowers with higher debt-to-income ratios (DTIs) and lower FICO credit scores while remaining within FHA and agency lending guidelines. “Another way to think about it is the ...

Figure Technology Solutions, a prolific HELOC originator, also promotes origination costs under $1,000 per loan. The company white-labels its HELOC solution, and Anthony Stratis, the company's vice ...

It’s estimated that there are 10,000 IMBs in the US and 300 in Ohio. In this report, we provide an overview of IMBs with a focus on Ohio. Ohio is unique in the US in that massage therapy is licensed ...