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Fannie Mae: Profit Margin Outlook Turned Positive

Mortgage lenders reported a negative profit margin outlook for the seventh consecutive quarter, proving that rising home prices and low housing supply are a continual threat, according to Fannie Mae’s.

Fannie Mae also determined that lenders’ net profit margin outlook turned positive for the first time since the third quarter of 2016, reaching the second most positive reading in survey history since the first quarter of 2014.

WASHINGTON, June 12, 2019 /PRNewswire/ — The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations.

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 · The outlook for lenders’ net profit margins turned positive for the first time in almost three years, according to a survey by Fannie Mae released Wednesday. Quicken Loans Inc., the largest nonbank lender, is on pace to have its best month ever in June in terms of volume of closed loans.

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The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae’s Q2 2019 Mortgage Lender Sentiment Survey.

Fannie Mae reported that the net profit margin outlook for mortgage lenders was positive for the first time in almost three years, primarily due to strong demand expectations for both purchases.

"With brighter volume expectations, the profit margin outlook improved markedly, helping the net share of lenders reporting rising profits turn positive for the first time in nearly three years, with consumer demand cited as the top reason for the rosier outlook," said Doug Duncan, senior vice president and chief economist at Fannie Mae, in.

Meridian Corporation Reports Net Income of $2.0 Million, or $0.31 Per Diluted Share, in 1Q 2019 TURTLE BEACH REPORTS RECORD FIRST QUARTER 2019 RESULTS. , compared to $2.0 million, or $0.16 per diluted share;. Net income in the first quarter of 2019 increased 56% to $3.1 million compared to $2.0 million in the year-ago quarter. The increase was driven by a $1.6 million gain from the mark-to-market adjustment of the financial.

Mortgage Lenders’ Profit Margin Outlook Turns Positive on Reported Surge in Consumer Demand 8:30 am ET June 12, 2019 (PR Newswire) The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae’s Q2 2019 Mortgage Lender Sentiment Survey(R).

 · The net profit margin outlook for mortgage lenders moved into positive territory in the second quarter of this year for the first time in three years, according to Fannie Mae’s quarterly Mortgage Lender Sentiment Survey.