A key outlook for home-loan originations during the first three months of 2012 was raised, though business is expected to fall for the rest of the year. There is no end in sight for continued contraction in the country’s collective outstanding mortgages.

The forecast for residential production during the three months ended March 31 was raised 3 percent from last month’s outlook.

The full-year 2012 forecast was lifted by 4 percent from the previous projection. But next year’s business is predicted to slow.

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