MBA Forecasts Originations Through 2019

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Posted To: MND NewsWire

Like both Freddie Mac and Fannie Mae, the Mortgage Bankers Association (MBA’s) is anticipating that mortgage originations in 2018 will not match up to those this year. MBA said it expects to see a year-over-year decline from $1.69 trillion in 2017 to $1.60 trillion. Freddie Mac’s bottom line is quite similar, a total of just under $1.70 trillion next year, but they see a much higher total for 2017, 1.80 trillion, and thus a sharper drop. Fannie Mae forecasts the total for this year at $1.79 trillion, declining to 1.72 trillion next year. MBA, which released its forecast on Tuesday in conjunction with its annual convention and expo, anticipates that purchase mortgage originations will grow by 7.3 percent , to a total of $1.2 trillion. Refinance originations however, are predicted to be at $430…(read more)

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