The Mortgage Bankers Association (MBA) expects mortgage originations to trend down to $2.57 trillion in 2004, from an all-time high of $3.8 trillion in 2003. This is part of the association's three-year forecast for the U.S. economy and housing finance market released last week.

At a press conference held last Wednesday, MBA Chief Economist Douglas Duncan said that despite these declines, "recall that total originations as recently as 1996 (including refis and purchase) were less than

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.