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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.

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