Freddie Mac Forecasts $2.3 Trillion

Muolo, Paul
January 2008
National Mortgage News;1/7/2008, Vol. 32 Issue 14, p22
Trade Publication
The article focuses on several forecasts related to mortgage loans in 2008. According to Freddie Mac, $2.3 trillion will be produced in new loans in the year. Another forecast states that 94% of mortgages funded will be conventional with the balance insured by FHA and VA mortgages. In an interview, Angelo R. Mozilo, chairman of Countrywide Financial Corp. forecasts a residential loan production of $1.8 trillion.


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