Economic growth, mortgage originations down in 2008.(Briefing Book) Mortgage Banking | February 1, 2008 | COPYRIGHT 2008 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Although economic growth will continue to slow through the first half of 2008, mortgage market watchers should expect economic activity to begin to pick up in the second half of 2008 and resume trend-like growth toward the end of 2009, according to a forecast by the Mortgage Bankers Association.

MBA's annual start-of-the-year economic outlook, released in mid-January, predicts that total home mortgage production will be down 16 percent to $1.96 trillion this year from a projected $2.34 trillion in 2007, while total residential originations should see a further drop ...

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