Lenders See Demand and Profits Expanding, While Credit Tightens

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Posted To: MND NewsWire

Mortgage lenders reflected a lot of optimism about their business prospects in the third quarter Mortgage Lender Sentiment Survey conducted by Fannie Mae. This is in sync with a report late last month from the Mortgage Bankers Association which reported greatly increased profitability on the part of mortgage banks in the second quarter. Now lenders have told Fannie Mae they expect this trend to continue. The net profit margin outlook found by the survey was at an all-time high, surpassing the previous high in the first quarter of 2015 , primarily due to strong mortgage demand expectations, especially for refinancing. The net share of lenders reporting an increase in demand over the previous three months reached the highest level for any third quarter since 2016 across all loan types, GSE-Eligible…(read more)

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