Replies to post #453909 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

FNM Says Mortgages Fall 20% in 2006--

MORTGAGE MARKET HIGHLIGHTS:

• Fannie Mae estimates that single-family mortgage originations for 2005 totaled $2.84 trillion, compared with $2.73 trillion in 2004. Fannie Mae projects that single-family mortgage originations will decline to approximately $2.25 trillion in 2006.

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4163848&Type=HTML

[Zeev Hed]

What is causing the futures to be down that much, reaction to the State of the Union?