Competition intensifies mortgage lenders’ negative profit outlook

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WASHINGTON, DC – Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason and continuing a quarterly trend beginning the same time last year, according to Fannie Mae’s Q4 2017 Mortgage Lender Sentiment Survey. On net, the share of lenders who said "competition.

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Mortgage Lenders profit outlook turns Positive Lenders are signaling strong demand-driven mortgage market dynamics, with optimism for both their consumer demand and profitability outlooks reaching.

For the third consecutive quarter, the share of lenders expecting a decrease in profit margin over the next three months exceeded the share with a positive profit margin outlook. For the former, the percentage citing competition from other lenders as a reason for their negative outlook reached a survey high," Duncan adds.

Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason and continuing a quarterly trend beginning the same time last year, according to Fannie Mae’s Q4 2017 Mortgage Lender Sentiment Survey.. On net, the share of lenders who said "competition from other lenders" was the top driver behind their negative outlook.

Competition from other lenders was the most cited reason by survey participants for the squeeze on margins. Lenders in a funk over mortgage market outlook | 2018-09-11 | HousingWire Sign In

The outlook for profit among lenders during the fourth quarter reached an all-time survey low across all loan types in Fannie Mae’s latest Mortgage Lender Sentiment Survey. The Survey reported lenders’ net profit margin outlook was negative for the ninth consecutive quarter, reaching the lowest level since the survey began in 2014.

How Canada’s dealing with its own home affordability crisis Canadian Real Estate Is The Least Affordable Since 1990. The affordability index for Canadian real estate held its level for a second quarter. A median household in Canada needed 53.9% of their income in Q3 2018, the same as the previous quarter. That number represents a 3.05% increase compared to the same quarter last year.

Continuing a trend that began in Q4 2016, mortgage lenders reported a negative profit margin outlook for the next three months according to Fannie Mae’s Q4 2017 Mortgage Lender Sentiment Survey. This quarterly survey of 224 senior executives from the mortgage lending industry is used not only to track mortgage lenders’ current impressions of the mortgage industry, but also their insights.

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