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MBA: Originations Are Slowing

WASHINGTON, DC-While the market has not yet seen the full impact of the credit crunch, growth is expected to return to normal next year.

By Erika Morphy | Updated on October 18, 2007

(Read more on the debt and equity markets.)

WASHINGTON, DC-The Mortgage Bankers Association reports that both purchase and refi origination are dropping in the face of the recent credit crunch and by next year should be down by 18% from 2007. Furthermore, the association’s economic forecast predicts that total originations will drop an additional 6% in 2009 from 2008 as the 5% increase in purchase originations partially offset a projected 18% decline in refi originations.

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