Nonetheless, mortgage origination volume is shrinking, so lenders will need to fight harder for a smaller piece of the pie. This past fall, Fannie Mae's Mortgage Lender Sentiment Survey found that lenders reported a net negative profit margin outlook for the eighth consecutive quarter.
WASHINGTON, June 12, 2019 /PRNewswire/ — The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae’s Q2 2019 Mortgage Lender sentiment survey .
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Fannie Mae, Washington, D.C., said mortgage lenders reported a net positive profit margin outlook for a third consecutive quarter, with 28 percent of lenders said they expect their firm’s profit margin to increase over the next three months, compared with 17 percent who expect it to decrease and 55 percent who expect it to remain roughly the same.
For the first time in three years, the net profit margin outlook for mortgage lenders is positive, according to Fannie Mae’s Mortgage Lender Sentiment Survey for the second quarter of this year. Fannie Mae reported the net share of lenders reporting demand growth for purchase loans during the.
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"With brighter volume expectations, the profit margin outlook improved markedly, helping the net share of lenders reporting rising profits turn positive for the first time in nearly three years, with consumer demand cited as the top reason for the rosier outlook," said Doug Duncan, senior vice president and chief economist at Fannie Mae, in.
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