Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

New Report Indicates Mortgage Originators Will Be a Good Investment in 2020


Fannie Mae (OTC: FNMA) in late December put out its economic forecast for 2020, and it's much more gung-ho about the current state of the economy and the housing sector in general. The revised forecast is good news for mortgage originators and homebuilders.

Housing has been the missing piece of the puzzle for the U.S. economy since the housing bubble burst over a decade ago during the Great Recession. Housing construction has historically been the first sector to recover after a recession, but this time around it ended up being the last. Much of that was due to excesses built up during the bubble years. Those excesses have long been worked off. Seeing that, Fannie Mae has raised its activity forecasts for 2020.

Continue reading


Source Fool.com

Like: 0
TWO
Share

Comments

You may not comment on this article as you either did not confirm your account yet or were blocked. If you think this is a mistake please contact us. Show more