A market research firm is projecting that mortgage origination volume will be between $1.28 trillion and $1.35 trillion next year. iEmergent, based in Des Moines, Ia., predicts that the industry will make 4.29 million home purchase loans next year for an aggregate amount of $708 billion. The firm predicts that refinancing volume will range from $575 billion to $640 billion. The firm's forecast for mortgage volume suggests that total volume will fall 5% in 2009 from the firm's estimated 2008 year-end total. iEmergent's economists predict that home purchase lending will reach a bottom in late 2009.
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