Fannie Mae is starting to feel slightly more optimistic about the origination picture for the rest of 2012.
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According to a new forecast, the GSE’s economists now believe that for all of 2012, originations will come in at $1.34 trillion, compared to a month ago forecast of $1.31 trillion.
In 2011 mortgage bankers originated $1.452 trillion in home mortgages, according to figures compiled by National Mortgage News and the Quarterly Data Report. (Fannie says fundings totaled $1.36 trillion a year ago.)
The GSE believes refis will account for 64% of the market this year, two percentage points lower than last year.
