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.
MBA President/CEO Bob Broeksmit praised Congress for passing relief that he said will help lenders, homeowners and tenants.
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