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Mortgage Bankers Association cuts 2027 refinance forecast to $634 billion
The Mortgage Bankers Association also reduced its 2027 total mortgage forecast to $2.101 trillion, citing continued constraints on origination activity.
Mortgage News Daily reports the Mortgage Bankers Association has trimmed its 2027 outlook for refinancing, now expecting Americans to refinance $634 billion in total in all of 2027.
The same update lowers the MBA’s broader 2027 mortgage forecast to $2.101 trillion.
At the ACUMA event, Mortgage News Daily highlights discussion of home equity as a growth area, including NFP Property and Casualty Services’ Equity Protection Program, which is described as expanding CLTV and guideline parameters.
In additional conference conversations cited by Mortgage News Daily, attendees pointed to liquidity priorities at Ginnie Mae and ongoing bottlenecks for Fannie Mae, alongside an expectation that origination activity remains constrained while lenders look to expand borrower eligibility in a responsible way.