Monday, February 08, 2010
03:43 PM Texas Time
Refis to Drag Down 2010 Originations
2010 production pegged at around $1.1 trillion
Projected refinance originations for this year are expected to be around 50 percent lower than last year, iEmergent reported.
Around 3 million refinance transaction are forecasted for 2010.
Purchase volume is expected to decline around 5 percent from 2009.
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