worthey notes on FMNA

·       Fannie Mae (OTCQB:FNMA) chief economist Doug Duncan sees 2015 single-family mortgage originations of $759B, up 8% from his forecast at the start of the year. Were originations to hit that level, they would be up 12% from 2014.

·       "Purchase mortgage applications have moved up consistently for a couple of months,” says Duncan.

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