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chart showing the MBA expects mortgage refinancing to continue through June 2021.

The Mortgage Brokers Association praised Congress’ passage of relief Tuesday, after reporting loan forbearances remain above 5%.

In a separate report Monday, the MBA’s revised estimates showed that refinances continue to exceed expectations, raising total originations for both the third and fourth quarters above the $1 trillion mark for the first time in 13 years.

Jim DuPlessis

A journalist for decades.

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