Here’s some positive news from Mortgage Media reporting secondary housing finance economists at Fannie Mae and Freddie Mac are forecasting increases in LOs for both purchase-money and refinancing for the year.  According to the article, Fannie Mae released its June forecast of total mortgage production from US lenders to $1.680 trillion by end of year, up from its prediction of $1.655 trillion a month earlier.

Meanwhile, Freddie Mac predicted in June that nationally home lending volume will be $1.774 trillion this year, an improvement from its forecast last month of $1.733 trillion.

Here’s the link to the article: