During the past month, the country’s mortgage bankers have grown more optimistic about the level of residential loan originations during the first half of this year.

Home-lending volume, including refinances and loans to finance home purchases, is expected to total $361 billion during the first-three months of this year.

Production is then expected to jump to $450 billion in the second quarter before retreating to $437 billion during the following three-month period.

Source: Mortgage Daily