By Jann Swanson | Mortgage News Daily
Fannie Mae’s second quarter Mortgage Lender Sentiment Survey indicates that lenders are generally upbeat about the housing market. Respondents to the survey, which was conducted in May, said they had seen increased demand for GSE-eligible purchase mortgages over the preceding three months and expect that demand to continue over the upcoming quarter.
A net of 70 percent of the lenders participating in the survey reported an increased demand, about the same net as a year ago but a sharp rebound from the net of 20 percent in the first quarter survey.
