Relevant:
- First Quarter Mortgage Volume Tumbles, Two Top-10 Players Unseated
- Multifamily and Commercial Loan Originations Plunge 80 Percent
- Wells Fargo posts record quarterly profit of $5.32 billion, but mortgage originations are slipping
- Mortgage Business Increases, Could Continue Higher
- Commercial Marketplace Sees Dramatic Year Over Year Rise
2008-09-17 — mortgagedaily.net
In its first forecast since being taken over by the government, Freddie Mac has increased its estimate of residential originations for next year. The 30-year fixed rate mortgage is also projected to improve.
Overall residential mortgage originations are projected to come in at $0.410 trillion during the current quarter, according to Freddie's economic outlook for September released today.
The third-quarter estimate is lower than the revised second-quarter level of $.0574 trillion and last month's third-quarter.
Somehow, we suspect, a lot could happen between now and then.
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