Appraiser News, Market Watch
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Fannie finds lenders expecting profits in second quarter
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The latest quarterly mortgage lender survey from Fannie Mae found that, although lenders expected their profit margins to fall in the second quarter, they expect refinance demand to drive profitability in the quarter.
“Lenders, profitability outlook remains positive, likely because of stable refinance demand, lender capacity constraints, and still-wide mortgage spreads,” Chief Economist Doug Duncan said.
Read on for more details from the survey of lenders.
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