Thursday, 28 October 2021 | The Latest Buzz for the Appraisal Industry

Huge Forbearance Decline; Rate Reckoning; Lenders' Profit Outlook

With interest rates expected to rise and most homeowners who could benefit from refinancing having done so, mortgage bankers are not expecting the sometimes record profits of the last year or so to continue. Fannie Mae’s third quarter Mortgage Lender Sentiment Survey (MLSS) found just short of a majority of respondents expecting their profit margins to decline over the next three months , although that has also been the primary sentiment for the past three

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