Volume 15 - Number 24
November 25, 2011
Downloads Available: Mortgage Industry Economy Forecasts - up to 4Q12
More of the Same in 2012, Mixed Forecasts for 2013
Total single-family originations could drop another 20 percent or more in 2012, following a similar decline this year, according to mortgage industry economists. The consensus forecast from Fannie Mae, Freddie Mac and the Mortgage Bankers Association is that $1.28 trillion in home loans will be originated in 2011, a decline of 22 percent from last year’s estimated volume. But 2011 will prove to be just a prelude to another sharp decline in production next year. Despite the fact that mortgage rates are expected to stay at...
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