The mortgage industry could be facing a brutal year in 1997.

A new forecast by the Mortgage Bankers Association says that loan originations will drop by about 12% next year, reaching $670 billion, just slightly better than last year's pallid $636 billion.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.