Posted To: MND NewsWire

Fannie Mae’s Q4 Mortgage Lender Sentiment Survey (MLSS) found lenders lowering their expectations for profits over the next three months . Only 19 percent of those responding to the survey think their profit margins will increase, one-third expect no change while 48 percent are looking for a decline. In the third quarter survey 48 percent were expecting their profits to grow. Fannie Mae says this is a change from the prior six quarters in which lenders indicated increasingly optimistic profitability expectations. Lenders reported that consumer demand remained strong in the fourth quarter for all loan types. Demand for purchase mortgages set a new survey high for GSE-eligible loans and a new fourth-quarter survey high for government loans. Looking ahead, purchase mortgage demand expectations…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily