The Mortgage Bankers Association’s Marina Walsh recently reported that the positive trend lines showing nearly 80% of mortgage lenders turning a profit in the second quarter are expected to continue through the third quarter. This news suggests that the mortgage industry remains in a strong position despite challenges in the broader economy.
Key Points:
– Nearly 80% of mortgage lenders were profitable in the second quarter
– The positive trend is expected to continue into the third quarter
– The Mortgage Bankers Association’s Marina Walsh provided the analysis
– The news indicates that the mortgage industry is resilient amidst economic uncertainties
Overall, the recent data from the Mortgage Bankers Association points to a robust and resilient mortgage industry that continues to see profitability and stability. This trend is a positive sign for the industry as it navigates ongoing challenges and uncertainties in the broader economic landscape.
You can read this full article at: https://www.housingwire.com/articles/majority-of-mortgage-lenders-likely-turned-a-profit-in-q3/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
