The Mortgage Bankers Association yesterday lowered its forecast for combined new and existing home sales in 2014 to 5.28 million -- a decline of 4.1 percent that would be the first annual drop in four years. The group also cut its prediction on mortgage lending volume for purchases to $751 billion, an 8.7 percent decrease and the first retreat in three years. Bullish forecasts in early 2014 from ...
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