Mortgagees' pessimism, while waning, reportedly is tied to increased competition. Managing workforces well "will be critical to bottom lines," economists say.
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Survey Says Mortgage Lenders Are Showing Increased Optimism for Q2
Mortgage lenders are feeling more positive on purchase mortgage demand, profit margin, and credit standards over the next three months, according to a recent Fannie Mae’s second quarter 2015 Mortgage Lender Sentiment Survey. The survey shows that lenders’ near-term outlook for purchase demand and profit margin are reaching higher levels than 2014’s survey results.
Read More »Fannie Mae Releases 2015 Mortgage Lender Sentiment Survey
Compared to the first and fourth quarter of last year, results show more lenders expect mortgage demand and their profit margin to grow over the next three months. Of the senior mortgage executives surveyed, 69 percent said they felt the economy was on the right track.
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