Mortgage Originations Expected To Drop 30%

26 Oct 2010

Mortgage originations are expected to decline by around 30% next year as a result of subdued economic growth, rising interest rates and continued unemployment woes, according to the Mortgage Bankers Association.

Mortgage originations are expected to decline by around 30% next year as a result of subdued economic growth, rising interest rates and continued unemployment woes, according to the Mortgage Bankers Association. The MBA said the drop will be largely driven by a fall-off in refinance originations, which are ...

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