Senior mortgage executives expect demand for purchase-money mortgages to diminish over the next three months, with government programs taking the biggest hit.
Demand for purchase financing on loans eligible for acquisition by the government-sponsored enterprises over the past three months was up at 75 percent of lenders.
That compares to a decline at 5 percent of GSE lenders. The difference — the net-up demand — was 70 percent, the same as was reported for three months previous.
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From:: Financing