Credit Suisse thinks mortgage bankers will originate about $1.75 trillion in new home mortgages this year with refinancings accounting for 58% of the total.
CS analyst Moshe Orenbuch noted that his forecast “is subject to variations that may be caused by public policy measures.”
The firm thinks that a loosening of loan-to-value requirements could cause “a significant amount” of refi activity. In 2008 mortgage bankers funded about $1.6 trillion in one- to four-family originations, according to figures compiled by National Mortgage News and the Quarterly Data Report.
