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Sixty-nine percent of lenders believe profit margins will decrease in the three months ahead, according to the Q2 2021 Mortgage Lender Sentiment Survey from Fannie Mae.

That’s down from 52% in the quarter prior, making it three straight quarters in which an increased share of lenders anticipate profit margins to fall. Just 11%, on the other hand, believe profits will grow, while 19% believe profits will remain the same.