Lenders in a funk over mortgage market outlook
Lenders reported a net negative profit margin outlook for the eighth consecutive quarter in the face of further erosion of purchase mortgage demand. According to Fannie Mae’s Mortgage Lender Sentiment Survey, lenders are feeling worse about the market this quarter than they were last year and last quarter. The biggest reason they have the mortgage blues? Competition from other lenders was the most cited reason by survey participants for the squeeze on margins. 12 September 2018, 08:02
Source: Real Estate
Do you like the page?
Would you like to share the page with your friends?
Would you like to write a comment on the page?