MBA Sees 36% Falloff in Mortgage Production in 2011

he Mortgage Bankers Association (MBA) released its market outlook to the media on Wednesday. The trade group’s economists are expecting mortgage lending to shrink by 36 percent this year.
They project originations – including loans for home purchases and refinancing – to total $966 billion in 2011, compared to $1.5 trillion in 2010.

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