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.

 

...(read more)

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