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Loan Modification

: Loan Modification & Home Loan News

Fannie Mae Says Excess Inventory is Slowing Recovery

By Evan Bedard

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Fannie Mae’s economic and mortgage market analysis group said Monday that the housing market is stabilizing but that excess inventory continues to hinder a recovery. The D.C.-based mortgage giant released a report that projects economic growth of 3.1 percent for 2010. Doug Duncan, Fannie’s chief economist, said the unwinding of programs such as mortgage-backed securities are [...]

Full post as published by Loan Modification & Home Loan News on April 20, 2010 (boomark / email).

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