Fannie Mae Cuts 2022 Origination Forecast

Fannie Mae's February mortgage origination forecast reduced its outlook by $172 billion as rising interest rates and higher prices increasingly take their toll on affordability.

Company executives alluded to the lowered projection of $3.17 trillion in its fourth quarter earnings call on Feb. 15. In January, Fannie Mae economists expected $3.34 trillion for the year.

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