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Mortgage Lenders Profitability Outlook Tightens Further Following 2020 Refi Boom

Mortgage Lenders Profitability Outlook Tightens Further Following 2020 Refi Boom Surveyed Lenders Report Uptick in Purchase Mortgage Demand, Downtick in Refinance Demand News provided by Share this article Share this article WASHINGTON, June 10, 2021 /PRNewswire/ For the third consecutive quarter, an increased share of mortgage lenders expect profit margins to retreat further from last year s highs, according to Fannie Mae s (OTCQB: FNMA) Q2 2021 Mortgage Lender Sentiment Survey ® (MLSS). According to the second quarter survey, 69% of lenders believe profit margins will decrease in the three months ahead compared to 52% in the prior quarter, while 19% believe profits will remain the same and 11% believe profits will increase.

Economic Growth Expected to Accelerate through Spring as COVID-19 Lockdown Restrictions Ease

Share this article Share this article WASHINGTON, March 17, 2021 /PRNewswire/  As vaccines deploy and social lockdown measures continue to ease, U.S. economic expansion is expected to accelerate this spring, with real GDP growth hitting 8.4 percent in the second quarter and 6.6 percent for the full year before moderating in 2022, according to the March 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group s latest forecast includes only modest and intertemporal revisions to the topline economic numbers, reflecting recent developments registering mostly offsetting impacts to growth, including stronger-than-expected consumer spending data, weather- and energy-related disruptions across wide swaths of the country, new details regarding the stimulus bill, showing some government expenditures to be later than previously expected, and updated interest rate expectations. Right now, risks to further economic recovery remain largely n

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