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Refinancing expected to decline by 57 percent (access required)

The volatility of mortgages is clearly seen by the latest origination projections released by the Mortgage Bankers Association (MBA). The trade group announced recently that it expects to see $1.2 trillion in mortgage originations during 2014, a 32 percent decline from 2013. While MBA expects purchase originations to increase 9 percent, it expects refinance originations to ...

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