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Home » Store » News » Mortgage Market Continues to Top Forecasts, Earnings Steady in 2Q12

Mortgage Market Continues to Top Forecasts, Earnings Steady in 2Q12

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Early indicators suggest that mortgage production volume was up slightly in the second quarter of 2012, and lenders continued to book strong net profits as a result of healthy gain-on-sale margins.Industry economists had generally expected a slowdown in loan production levels during the second quarter. The consensus forecast from economists at Fannie Mae, Freddie Mac and the Mortgage Bankers Association pointed to a 4.6 percent decline in new originations during the second quarter.Despite the fact that mortgage interest rates continued to ...
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