MBA Trims 2011 Originations Forecast.(News)(Mortgage Bankers Association)(Brief article)

Byline: Brian Collins

Tight credit conditions, higher mortgage rates and a big drop in refinancings will push residential originations below $1 trillion this year to levels not seen since 2002, according to economists at the Mortgage Bankers Association.

MBA chief economist Jay Brinkmann estimates lenders will originate $966 billion in single-family loans in 2011, down 35% from 2010.

He told reporters that he reduced his estimate somewhat …