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October 19, 2007
Mortgage Originations Expected to Plunge
The Mortgage Bankers Association expects loan origination volume to fall about 15 percent this year to $2.31 trillion, decline 18 percent in 2008 and then slip another 6 percent in 2009 as the flow of cash from investors to lenders dries up and as overall economic growth slows.
Posted by S. Germain at October 19, 2007 08:00 AM