Competition intensifies mortgage lenders’ negative profit outlook

Competition continues to reach new highs. The share of lenders who said competition from other lenders was the top driver behind their negative outlook increased once again to another new survey high for the fourth consecutive quarter, continuing a trend that started this time last year, according to Fannie Mae’s Q4 2017 Mortgage Lender Sentiment Survey.

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Mortgage lenders have posted a sixth consecutive quarter of negative profit forecasts according to a new report from Fannie Mae. and the worst profit margin outlook in the survey’s history.

KEYWORDS Competition mortgage lender Mortgage Lender Sentiment Survey profit margin Mortgage lenders reported a negative profit outlook going into the new year, due mainly to lenders citing an.

WASHINGTON, Dec. 26, 2017 /PRNewswire/ — Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason and continuing a.

The share of lenders citing competition from other lenders as the key reason for a negative profit market outlook rose to a new survey high," he said. Lenders’ net profit margin outlook is significantly lower than it was for the third quarter of 2016.

Nonetheless, mortgage origination volume is shrinking, so lenders will need to fight harder for a smaller piece of the pie. This past fall, Fannie Mae's Mortgage Lender Sentiment Survey found that lenders reported a net negative profit margin outlook for the eighth consecutive quarter.

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A Benchmark for Mortgage Lenders. lenders’ profit margin outlook in the first quarter of 2017 remains significantly less positive than in the first quarters of both 2016 and the year 2015. Those expecting a lower profit outlook pointed primarily to competition from other lenders and a.

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The fourth quarter of 2018 was dismal from a mortgage origination volume perspective, but in the first quarter of 2019 lenders have a slightly rosier outlook for mortgage origination volume – and profits – Fannie Mae’s Mortgage Lender Sentiment Survey shows.. With the spring home buying season fast approaching, lenders are hoping that home sales will bounce back from the lows of December.