Economists Raise Mortgage Production Forecasts, But 2009 Rebound Is Expected to Dissolve Quickly
April 16, 2009
Mortgage industry forecasters are calling for a significant surge in new loan originations in 2009 despite bleak housing market conditions that are expected to last deep into 2010. Loan production managers may want to resist the temptation to ramp up capacity levels to catch the surge in refinance business because observers don’t think the... [Includes one chart]