Mortgage Banking magazine, November, 2009 - Briefing Book - A new preliminary mortgage volume forecast, released in early September from iEmergent says 2010 will be pretty dismal.  The group's preliminary forecast for total origination volume in 2010 is within a range of $1.17 trillion to $1.28 trillion.  The company breaks its forecast down further for a purchase forecast of $602 billion or 3.8 million loans.  iEmergent founder Dennis Hedlund warns lenders, "Don't be fooled by the heavy investor buying and 'unprecedented' first-time buyer activity. They have masked the underlying weakness and instability of local mortgage markets." 

To read the entire story, visit www.mortgagebankingmagazine.com.  The full article was published in the "Briefing Book" section of the November 2009 issue of Mortgage Banking magazine.