Doug Duncan

MBA: Temper Expectations for 2007 

In a media interview yesterday, MBA chief economist Doug Duncan said he believes that “hundreds” of lending operations could fail during the next two years as the industry works out excess loan capacity built up during the recent housing boom. Nonetheless, the trade group offered a steady-but-unspectacular view for the coming year, predicting 1.33 trillion in purchase loan originations during 2007 and total production of $2.39 trillion.