Mortgage lenders remain optimistic about purchase mortgage demand and their profit margin during the next three months, according to Fannie Mae’s second quarter 2015 Mortgage Lender Sentiment Survey.
Conducted in May, the survey shows that lenders’ near-term outlook for both purchase demand and profit margin remains at high levels, and above the 2014 survey results. Additionally, more lenders have continued to report credit loosening.
Senior mortgage executives are increasingly optimistic, and significantly more optimistic than the general population of consumers, about future home prices. This quarter, the share of lenders expecting home prices to go up over the next 12 months reached a survey high of 70 percent.