Experts Predict Further Production Decline as Refi Market Contracts
May 21, 2010
Steadily rising mortgage interest rates and a tepid recovery in housing markets point toward a further decline in mortgage origination activity in the second half of this year, industry experts predict. The consensus view of mortgage industry economists is that new loan originations are likely to decline by about 30 percent this year, compared to... [Includes one chart and one graph]