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Lenders see Increased Demand, Higher Profits in 2015

Thursday, March 19, 2015

In its quarterly survey of lenders' sentiment Fannie Mae found increasing optimism about the mortgage business.  The survey conducted in the first quarter of 2015 revealed that, compared with the fourth quarter of 2014, lenders expect both mortgage demand and their profit margins to grow over the next three months.

The number of lenders who expect near-term purchase mortgage demand to grow finally reversed a downward trend that lasted throughout 2014.  More lenders expect that, although there might be seasonal influences, the higher demand will extend to all types of loans and the increased optimism was present no matter whom the respondent represented; mortgage banks, depository institutions, or credit unions.  Seventy-one percent of lenders say they expect purchase mortgage demand to go up over the next three months compared with 59 percent reported during the same quarter last year.  For non-GSE eligible loans the increased demand was expected by 63 percent and for government loans by 65 percent.

 

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