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Originations On Pace for 18 Percent Drop in 2008: Report 

Aug 04, 2008By

A forecast released Monday morning by industry research and forecasting think-tank iEmergent said that total dollar volumes of mortgage originations in 2008 are on track to fall as low as $1.94 trillion, as tighter credit standards and a dearth of subprime lending take a bite out of industry volume. The company said that originations would likely fall in a range of $1.94 to $2.1 trillion, depending primarily on refinancing activity throughout the remainder of the year.

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