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Residential mortgage lending volume will fall below the $1 trillion mark in 2011, becoming the fifth year of what is emerging as a ""lost decade"" for the housing and home financing industries, according to new projections from the market research firm iEmergent. The company expects growth in home lending to remain ""slow"" through 2015, and warns that because of the economic collapse, the pool of potential mortgage applicants - homebuyers and homeowners looking to refinance - has been reduced to levels seen in 1995.
Read More »Housing to Continue in Recession with Loan Volume Slipping: iEmergent
