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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fannie Mae (QB) | USOTC:FNMA | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.68% | 1.49 | 1.48 | 1.49 | 1.51 | 1.47 | 1.51 | 1,949,437 | 20:59:20 |
WASHINGTON, March 18, 2015 /PRNewswire/ -- Fannie Mae's first quarter 2015 Mortgage Lender Sentiment Survey™ reveals an improving outlook among mortgage lenders regarding their lending activities and market expectations. Compared with last quarter and the same period last year, this quarter's results show that more lenders expect mortgage demand and their profit margin to grow over the next three months. Results also show that credit tightening observed last year has continued to trend down gradually moving into 2015. For GSE-eligible purchase loans, 71 percent of lenders surveyed say they expect purchase mortgage demand to go up over the next three months, compared with 59 percent reported during the same quarter last year. Additionally, 41 percent of lenders reported increased profit margin expectations, compared with 21 percent during the same quarter last year.
Improving economic conditions and a more upbeat outlook for lender profit margins appear to be fueling increased optimism among mortgage lenders at the start of 2015. "The first quarter results mirror a similar trend among American households, as shown in our recently released National Housing Survey™ data," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "These results are consistent with our view that an improving economy, strengthening employment, and increasing consumer confidence should support a modest housing expansion in 2015, after an uneven and disappointing year for housing activity in 2014."
MORTGAGE LENDER SENTIMENT SURVEY HIGHLIGHTS
Differences in Economic and Housing Sentiment Between Senior Executives and General Consumers
Positive Consumer Purchase Mortgage Demand Outlook for the Next Three Months
Gradual Credit Standards Easing
Stable Mortgage Execution Outlook
Stable Mortgage Servicing Rights (MSR) Execution Outlook
Positive Profit Margin Outlook for the Next Three Months
The Mortgage Lender Sentiment Survey™ conducted by Fannie Mae polls senior executives of its lending institution customers on a quarterly basis to assess their views and outlook across varied dimensions of the mortgage market. The Fannie Mae first quarter 2015 Mortgage Lender Sentiment Survey was conducted between February 4, 2014 and February 16, 2015 by Penn Schoen Berland in coordination with Fannie Mae. For detailed findings from the 2015 first quarter survey, as well as survey questionnaires and other supporting documents, please visit the Fannie Mae Mortgage Lender Sentiment Survey page on fanniemae.com. Also available on the site are special topic analyses, which focus on findings and analyses of important industry topics.
Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic & Strategic Research (ESR) group or survey respondents included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR group represent the views of that group or survey respondents as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
Fannie Mae enables people to buy, refinance, or rent homes.
Visit us at: http://www.fanniemae.com/progress
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mortgage-lender-sentiment-survey-results-show-optimistic-mortgage-demand-and-profit-outlook-with-gradual-credit-easing-300052206.html
SOURCE Fannie Mae
Copyright 2015 PR Newswire
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