Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
Estimated reading time: 0 minutes, 20 seconds
The Mortgage Bankers Association has announced that it forecasts originations to reach levels this year not seen since before the financial crisis and Great Recession.
According to a press release, MBA projects originations will total about $2.06 trillion for 2019, the best year since 2007 when the total was $2.31 trillion.
MBA predicts originations will fall in 2020, however, to about $1.89 trillion, with interest rates expected to remain low amid an uncertain economic outlook.
