06 is looking to be a tough year in the mortgage biz. My take is that this is that time in the cycle when we finally get to wash out some of the riff-raff in our industry.
“Fannie (FNM) economists said their ‘best guess’ is that sales will fall 8.4%, to 7.62 million units. That would be the first annual decline since 2000, when national sales dipped slightly, said David Seiders, chief economist of the National Association of Home Builders.”
Fannie Mae Sees ‘06 Drop in Home Sales
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