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Lenders Upbeat About Profits, Loan Demand

Monday, September 14, 2020

Mortgage lenders had an excellent second quarter in terms of profitability according to the Mortgage Bankers Association, and Fannie Mae's Lender Sentiment Survey for the third quarter indicates they expect that situation to continue. Forty-eight percent of respondents believe their profit margins will increase compared to Q2 while 37 percent say profits will be about the same. Only 15 percent believe there will be a decline. Lenders said consumer demand had remained strong across all loan types, GSE-eligible, non-GSE-eligible, and government, and in some cases hit new highs. More lenders reported that demand for purchase loans grew both for the prior three months and the next three months and refinance mortgage demand remained extremely strong in the third quarter on both a look-back and look-forward basis.


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Mark was very personable and always had my husband and I's best interest in mind. He was also very quick with responses to any questions we needed and always one step ahead which made him very prepared. Our whole process went very smoothly. He also made us feel like actual people and not just another loan/sale.
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