Just a month after forecasting a 24% drop in mortgage originations in 2010, the Mortgage Bankers...

|By:, SA News Editor

Just a month after forecasting a 24% drop in mortgage originations in 2010, the Mortgage Bankers Association now sees a 40% drop coming, to $1.28T - the lowest level in a decade. Rates are widely expected to rise when the Fed wraps up MBS purchases.