A modest boost to the expected volume of third-quarter refinance production has a small bump being made to the overall annual origination outlook.
Residential lending, including loans to finance home purchases and to refinance existing mortgages, are expected to total $447 billion during the second quarter.
Business is then expected to climb to $462 billion during the following three-month period before settling at $370 billion in the fourth quarter.
Source: Mortgage Daily
