Industry News

Bankers project major declines in home sales, lending

Another wave of mortgage write-downs coming this week
Published on Jan 14, 2008

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by CareyBot

Mortgage loan fundings will fall 16 percent in 2008, dropping below the $2 trillion mark for the first time since 2000, according to the latest forecast by the Mortgage Bankers Association. Sales of new and existing homes will see declines ...