Lenders Sentiment Shines, Rising Profits and a Positive Outlook

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Posted To: MND NewsWire

Lenders are singing a happier tune when it comes to their profit margin outlook with those hopes driven by rising confidence in mortgage demand. The net share of lenders’ perceptions about both recent and upcoming demand has turned positive for the first time in nearly three years. Fannie Mae’s Q2 Mortgage Lender Sentiment Survey saw net positive responses rise across all three loan types (government, GSE-eligible, and non-GSE-eligible loans) when lenders reported on increases in demand for both purchase and refinance mortgages over the previous three months. In all three cases, these measures had reached survey lows in the first quarter of the year. Net positive responses in the second quarter rebounded to reach the highest readings for any second quarter since 2016 for GSE-eligible and government…(read more)

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