MBA Raises Volume Forecast even with Uncertainty Over Fiscal Policy
Industry Update
October 19, 2021
Source: The Anand Market
The Mortgage Bankers Association raised its genesis forecast for 2021, but the outlook of its economists remains more conservative than that of Fannie Mae and Freddie Mac.
It now predicts the industry will generate $3.85 trillion in borrowing volume this year, which compares with its September forecast of $3.74 trillion. Fannie Mae and Freddie Mac both now expect industry loan origination top $4 trillion for the second consecutive year; Freddie Mac also believes that 2021 will end with a slightly higher volume than 2020.
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