According to a survey conducted among senior executives of Fannie Mae's lending institution partners in the United States, competition was the main driver of profit margin decrease. In the second quarter of 2021, 68 percent of respondents identified it as a major reason for lower profits. Market trend changes were also increasingly identified as threats to profits: in 2021, 44 percent of respondents chose this answer compared to 16 percent in 2020 and three percent in 2019.
As of the second quarter of 2021, mortgage lenders were pessimistic overall about profits in the next three months.
Share of mortgage lenders by main reason for expected lower profit outlook in the United States from 2nd quarter 2019 to 2nd quarter 2021
senior executives of Fannie Mae's lending institution partners.
Method of interview
Online survey
Supplementary notes
Respondents were asked the following question: "What do you think will drive the decrease in your firm’s profit margin over the next three months? Please select the two most important reasons and rank them in order of importance." (Showing % rank 1 + 2)
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Fannie Mae. (June 9, 2021). Share of mortgage lenders by main reason for expected lower profit outlook in the United States from 2nd quarter 2019 to 2nd quarter 2021 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1263385/reasons-for-decreased-profit-margins-of-mortgage-lenders-usa/
Fannie Mae. "Share of mortgage lenders by main reason for expected lower profit outlook in the United States from 2nd quarter 2019 to 2nd quarter 2021." Chart. June 9, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1263385/reasons-for-decreased-profit-margins-of-mortgage-lenders-usa/
Fannie Mae. (2021). Share of mortgage lenders by main reason for expected lower profit outlook in the United States from 2nd quarter 2019 to 2nd quarter 2021. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1263385/reasons-for-decreased-profit-margins-of-mortgage-lenders-usa/
Fannie Mae. "Share of Mortgage Lenders by Main Reason for Expected Lower Profit Outlook in The United States from 2nd Quarter 2019 to 2nd Quarter 2021." Statista, Statista Inc., 9 Jun 2021, https://www.statista.com/statistics/1263385/reasons-for-decreased-profit-margins-of-mortgage-lenders-usa/
Fannie Mae, Share of mortgage lenders by main reason for expected lower profit outlook in the United States from 2nd quarter 2019 to 2nd quarter 2021 Statista, https://www.statista.com/statistics/1263385/reasons-for-decreased-profit-margins-of-mortgage-lenders-usa/ (last visited December 30, 2024)
Share of mortgage lenders by main reason for expected lower profit outlook in the United States from 2nd quarter 2019 to 2nd quarter 2021 [Graph], Fannie Mae, June 9, 2021. [Online]. Available: https://www.statista.com/statistics/1263385/reasons-for-decreased-profit-margins-of-mortgage-lenders-usa/
