Thanks to increased purchase mortgage demand and loosening credit standards, mortgage lenders are optimistic about the near-term housing market, according to Fannie Mae’s second-quarter 2015 Mortgage Lender Sentiment Survey.
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Mortgage lenders expect increased demand and profit margins as we head into spring, according to Fannie Mae’s first-quarter 2015 Mortgage Lender Sentiment Survey, which indicated that an improved economy and relaxed credit standards are fueling optimism among lenders as the first quarter comes to an end.
About five months after Fannie Mae and Freddie Mac expanded their loan-to-value (LTV) offerings, many lenders are optimistic they will benefit from the products at some point — but those lenders have yet to see much impact on mortgage loan origination volume, according to a recent Fannie Mae commentary.
Lenders and banks originated approximately 1.6 million loans on single-family homes and condos in the first quarter, a dip of 6 percent from the previous quarter and a 17 percent jump from a year ago, according to RealtyTrac’s first quarter U.S. Residential Loan Origination Report.