More Competition and Less Demand? Lender Margins Looking Dismal

Home / Blog / More Competition and Less Demand? Lender Margins Looking Dismal

Posted To: MND NewsWire

Mortgage lenders appear to be holding credit standards stable despite increasing competition and declining demand and profit expectations. Fannie Mae's third quarter Mortgage Lender Sentiment Survey found an increasing number of respondents reporting a net negative profit margin outlook, the eighth consecutive quarter they have done so. The net negative was 20 percent compared to 17 percent in the second quarter and 12 percent in the third quarter of 2017, however it was lower than in either the fourth quarter of last year or the first quarter of this year when the net negatives were 22 percent and 31 percent respectively. The low expectations for profitability come amid further erosion of mortgage demand. Regardless of the loan type, GSE-eligible, non-GSE eligible, and government, the net...(read more)

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



Source: http://www.mortgagen...

fcd5a0c8 d0fc 4c91 a363 b6b8ef8da276 27f86706 fa5b 4cd5 8180 b472a1aa1cac ec2605ff fb8a 40d8 a126 eadfe4f09d45 2a998098 1dd4 44f5 bf4e 83e808f6f9ab 62705cf3 5f09 4156 a7ff 39d70c9e19c7 a56856a1 d1a8 4d4d 9243 fc652fa76862 398ec5d1 fc1d 4d1a 8d60 328e90101e1f 075ffc8c a622 47e6 a1de 0b763869f5d2 9753b039 b8d6 40ad a271 671ece30c807 c2d4f839 5934 4eef 87f5 eef39333a271 e0ef1085 5b7b 414e 908d 5ba0dba4da97 74558520 1648 4287 9483 0f2a1016e86a 7ad51da4 474d 4f30 ad43 a07bbde15526 dd0a61e8 d818 4e19 a549 9466d1be3a3c f18f02b5 1e31 4bca 9564 0255d6d45a08 0d1237b5 ebfe 4497 8a2e 0242d633980d 78a3a086 d0c4 4ade a7de 9d0ee8aef7d1 34a04a8e 9f19 4f7f af13 b1b515e272c0 552199cd 552a 4941 ac74 2cfb1253507b 5334a081 ef44 4078 a2de 02c7fe65dac8 ce04d926 599e 4b9e 9675 79db9c5c1651 1ba4b963 89be 4a09 97dc 67ca39a69777 e5a2412e 0bee 471c 8d42 5d664c6ca1eb