When more than 3,500 people gathered in Chicago recently for the Mortgage Bankers Association's annual convention, the most since 2007, there were a lot of acronyms thrown around and a lot of concern expressed about the direction of residential lending. Amid all the industry-speak emerged a few key takeaways for consumers: Mortgage originations will rise in 2013. But refinancing activity will fall off during the year's second half.
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There are probably a lot of interesting conversations at that convention.
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