For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Q3 2021 Mortgage Lender Sentiment Survey (MLSS). According to the survey, 46% of mortgage lenders believe profit margins will decrease in the next three months, an improvement from 69% in the prior quarter, while 38% believe profits will remain the same and 15% believe profits will increase.
Increased competition and changing market conditions were the