regional map of the U.S. showing that first mortgage originations rose sharply in the first quarter of 2021

The Mortgage Bankers Association's latest forecast expects refinances to be stronger than expected in the third quarter, further softening the overall drop in first-mortgage originations for the full year.

The latest MBA and NCUA data showed credit unions' share of first mortgages was up slightly from 2020's fourth quarter, but down sharply from the first quarter.

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