Mortgage Bankers Boost Outlook Nearly $200 Billion

In addition to lifting the estimate of originations last year by $160 billion, mortgage bankers have increased this year’s and next year’s forecast by $38 billion.

During the final-three months of this year, one-to-four-family U.S. mortgage originations by all lenders are expected to come in at $393 billion.

Loan production is projected to then fall to $355 billion in the first-three months of next year then bounce up to $445 billion in the second quarter.

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From:: Financing