Posted To: MND NewsWire

Lenders responding to Fannie Mae’s Q4 2019 Mortgage Lender Sentiment Survey ® didn’t have as bright an outlook for their future profit margins as in the previous survey when their expectations were at a high for the survey which dates back to 2014. However, 44 percent of the 188 senior lending executives completing the survey believe their profit margins will remain about the same compared to the prior quarter, while the remainder are almost evenly divided among those who expect profits will fall (28 percent) and those who expect them to rise, 27 percent. Fannie Mae cites the Mortgage Bankers Association’s (MBA’s) recent Quarterly Mortgage Bankers Performance Report which showed lender’s per loan net production income has been on the rise over the first three quarters of 2019. Lenders reported…(read more)

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Source: Mortgage News Daily