The MortgageBankers Association is sticking by its forecast that overallnumbers of housing finance loans made in 2014 will decline 32% fromthis year.
That would mean that credit union and other housing financelenders will have to compete for a piece of a significantly smaller mortgage market.
The association also forecast the numbers of purchase moneyloans – new mortgage loans as opposed to refinance loans – willrise by 9%, but acknowledged there will be a significant gap inmortgage originations next year over this year.
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