Freddie Mac (FMCC)

[navycmdr]

Short Takes: Fannie Revises Originations Outlook Upward
Former Head of Correspondent Lending at Wells Lands at Mr. Cooper

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Economists at Fannie Mae increased their originations forecast for 2024 even as interest rates
on mortgages are expected to remain elevated.

“We have revised upward our expectation for both purchase and refinance mortgage origination
volumes [in April compared with the forecast in March], due in particular to our more optimistic
home price growth expectation and somewhat lower mortgage rate path, along with an upgraded
expectation for home sales,” Fannie’s economics and strategic research group wrote Tuesday.
“We now expect 2024 purchase volumes to total just under $1.4 trillion, representing a
$31 billion upward revision from last month’s forecast and 14% growth from 2023.” ...