Fannie Mae cuts origination projection, forecasts recession in 2023 - HousingWire
Fannie Mae cuts origination projection, forecasts recession in 2023 - HousingWire
With the Fed's inflation-fighting policy in effect, Fannie Mae is now forecasting a reduction in mortgage origination volume in 2022 and 2023. It also expects a "moderate recession."
The post Fannie Mae cuts origination projection, forecasts recession in 2023 appeared first on HousingWire.
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With the Fed's inflation-fighting policy in effect, Fannie Mae is now forecasting a reduction in mortgage origination volume in 2022 and 2023. It also expects a "moderate recession."
The post Fannie Mae cuts origination projection, forecasts recession in 2023 appeared first on HousingWire.
With the Fed's inflation-fighting policy in effect, Fannie Mae is now forecasting a reduction in mortgage origination volume in 2022 and 2023. It also expects a "moderate recession."
The post Fannie Mae cuts origination projection, forecasts recession in 2023 appeared first on HousingWire.
Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.
Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.
Dive Brief:
The U.S. economy will likely tip into recession during the first quarter of 2023 and shrink 0.4% for the full year as the combination of high inflation and tightening monetary policy bedevils consumers and businesses, Fannie Mae economists said. Citing the same headwinds, Fannie Mae marked down its forecast for growth this year to 0.1% from 1.2%.
โThe economy slowed significantly, though unevenly, in the first half of 2022 on the expectation that the [Federal Reserve] will aggress...
Dive Brief:
The U.S. economy will likely tip into recession during the first quarter of 2023 and shrink 0.4% for the full year as the combination of high inflation and tightening monetary policy bedevils consumers and businesses, Fannie Mae economists said. Citing the same headwinds, Fannie Mae marked down its forecast for growth this year to 0.1% from 1.2%.
โThe economy slowed significantly, though unevenly, in the first half of 2022 on the expectation that the [Federal Reserve] will aggress...
Without sustained price relief, a downturn is possible for later this year, rather than in the second half of 2023.
Without sustained price relief, a downturn is possible for later this year, rather than in the second half of 2023.
Fannie Mae cut projections for mortgage origination volume in 2022 to $2.6 trillion and home sales to 5.96 million units.
The post Fannie Mae cuts 2022 industry forecast (again) appeared first on HousingWire.
Fannie Mae cut projections for mortgage origination volume in 2022 to $2.6 trillion and home sales to 5.96 million units.
The post Fannie Mae cuts 2022 industry forecast (again) appeared first on HousingWire.
Fannie Mae economists lowered their forecast of existing home sales from 5.02 million in 2022 to 3.93 million in 2023.
The post Home sales are going to nosedive in 2023, Fannie Mae says appeared first on HousingWire.
Fannie Mae economists lowered their forecast of existing home sales from 5.02 million in 2022 to 3.93 million in 2023.
The post Home sales are going to nosedive in 2023, Fannie Mae says appeared first on HousingWire.
The Fannie Mae HomeReady loan helps low-income buyers get into a house with 3% down.
The Fannie Mae HomeReady loan helps low-income buyers get into a house with 3% down.
The Fannie Mae HomeReady loan helps low-income buyers get into a house with 3% down.
The Fannie Mae HomeReady loan helps low-income buyers get into a house with 3% down.
An interview with Tony, a Fannie Mae Underwriter with 30 years of experience. In this interview, you will hear an insider's view on what it takes to get a Fannie Mae loan approved.
An interview with Tony, a Fannie Mae Underwriter with 30 years of experience. In this interview, you will hear an insider's view on what it takes to get a Fannie Mae loan approved.
The senior executive exodus at Fannie Mae continues: the latest departure is Kimberly Johnson, executive vice president and chief operating officer of the government sponsored enterprise.
The post Fannie Mae COO Kimberly Johnson to resign in April appeared first on HousingWire.
The senior executive exodus at Fannie Mae continues: the latest departure is Kimberly Johnson, executive vice president and chief operating officer of the government sponsored enterprise.
The post Fannie Mae COO Kimberly Johnson to resign in April appeared first on HousingWire.