American home lenders expect leaner times

American home lenders expect leaner times

American mortgage lenders are actually bracing for rockier times because consumers demand for home loans keeps going down and competition in the mortgage industry surges, according to Fannie Mae's latest quarterly poll, issued on Monday.

Some lenders are concerned over a squeeze on their profit margin, though the number of them has decreased since the fourth quarter of 2016. That’s what the survey with the 184 mortgage executives revealed.  

Responding to a tougher climate, many lenders told that they intend to ease their lending standards in an attempt to attract more borrowers, as survey data disclosed.

In addition to this, the margin on the share of lenders who witnessed a dip in consumer demand for a loan to purchase a home for the last three months over the share of lenders who faced a leap in purchase loan demand edged down to approximately 30%, which is the lowest outcome for two years on a year-over-year basis.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera