-In its July forecast, Fannie Mae predicted that home prices would rise by 3.9% by the end of 2020.
-However, the company still expects a recession to hit in either the fourth quarter of 2020 or the first quarter of 2024.
-Fannie Mae’s forecast is based on the assumption that the spread of COVID-19 will continue to slow and that the economy will rebound in the second half of 2020.
-The mortgage industry expert predicts that the Fed will keep interest rates low to help support the economy.

You can read this full article at: https://www.housingwire.com/articles/fannie-mae-notches-5b-in-profits-in-q2-but-still-expects-a-recession/(subscription required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.