Lender Sentiment Points to Declining Demand, Lower Profits

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Posted To: MND NewsWire

Mortgage lenders continue to expect disappointing profit margins . For the sixth consecutive quarter the net responses to a question about those margins in Fannie Mae’s Mortgage Lender Sentiment Survey were in the negative. In the first quarter survey for 2018, the question about profits increasing resulted in net positive responses of -31%. Of the 52 percent of respondents who did not anticipate a decrease, 35 percent expected margins would remain unchanged over the next three months. Those who expect a lower profit margin again pointed to “competition from other lenders” as the primary reason, setting another new survey high for the fifth consecutive quarter. “Market trend changes” were cited as the next biggest reason for the first time in three quarters. Those expecting their margins to…(read more)

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