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: https://www.mortgagemedia.com/guest-contributor/gses-lift-2019-mortgage-origination-outlook