Items Tagged with 'mortgage lenders'

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  • Mortgage lender optimism grows as borrower demand heightens

    Although lender outlook fell 8% in Q1, it's a significant improvement from the previous quarter
    In the first quarter of 2019, Fannie Mae's Mortgage Lender Sentiment Survey revealed the net profit margin outlook for mortgage lenders retreated 8% from the previous quarter. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said lenders appear less pessimistic regarding mortgage demand expectations; thus their profit margin outlook over the next three months is also slightly improved.
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  • House Committee Votes to End Foreclosure Programs

    The Financial Services Committee of the U.S. House of Representatives has taken aim at mortgage aid programs that have been widely considered ineffective.  According to Committee Chairman Spencer Bachus, "We should not waste taxpayer dollars on failed government programs that do not work and actually make things worse for struggling homeowners. These programs may have been well-intentioned, but they’re doing more harm than good." One program, due to be launched next month, the "Emergency Homeowners Relief Program, is set to provide $1 billion to provide loans to unemployed borrowers to allow them to make mortgage payments for a period
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