BUSINESS BRIEFING / REAL ESTATE
TIMES WIRE REPORTS
The Mortgage Bankers Assn. boosted its forecast for 2009 home-loan originations by $800 billion to $2.78 trillion as low interest rates spur homeowners to seek out new loans.
Refinancing will total $1.96 trillion in 2009 and purchase originations will increase to $821 billion, the group said.
