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MBA Drops Housing Finance Expectations

The Mortgage Bankers Association has lowered its forecast for 2014 mortgage originations nationwide.

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The Mortgage Bankers Association bowed to market reality last week and lowered its forecast for 2014 mortgage originations nationwide.

The association, which counts credit unions among its members, forecasts housing finance performance by tracking economic, housing and interest rate data, along with reports of mortgage applications and underwriting.

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