he latest housing forecast from Fannie Mae has this year’s mortgage originations coming in $35 billion less than previously expected, while next year’s outlook was cut by $61 billion.
Economists at the secondary mortgage lender expect home lending by all U.S residential originators to amount to $386 billion during the final three months of this year.
In the first quarter of next year, originations are predicted to sink to $323 billion. But mortgage production is then expected to jump to $444 billion in the second-quarter 2019.
Source: Mortgage Daily