The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

Mortgage

Understanding the Current Market

HousingWire Editor-In-Chief, Sarah Wheeler, sits down with Doug Duncan, senior vice president and chief economist at Fannie Mae, to walk attendees through the latest update on the housing market and share a few predictions for the future along the way.

Here is a small preview of the session, which has been lightly edited for length and clarity:

Sarah Wheeler: Doug, thank you so much for being here. It has been an incredible year for housing, but before we get into the specifics of our industry, I want to get a feel for the larger economic picture. Where are we in terms of recovering from the COVID-19 slowdown of last year, specifically on jobs? 

Doug Duncan: We’ve made substantial progress, the unemployment rate has come down dramatically. We’re still a ways off, and you heard the chairman of the Fed say there’s still a million jobs he would like to see recovered. And the bulk of the recovery that remains is in the service sector, which was the hardest sector, that’s hourly wage earners. And typically, they’re not homeowners, they’re more renters. I think the homeownership rate in that space is about 40%, as compared to the national average of around 65%. So that’s why you’re hearing a lot of discussion about eviction notices and things like that, because they tend to be more on the renter. But we’re seeing a pickup in that service sector, like for example, restaurants are almost back to normal levels. According to the OpenTable data, you see the airlines are within 20% of where they were before the COVID. So that’s been picking up. And of course, people are talking about how that goes into inflation, just as companies are recovering pricing that they lost in the course of the downturn. So making good progress. We actually think growth this year will be something like 7%, which we will not have seen since the early 1980s. That’s very good news. For the economy.

Watch the full session below. To go back to the full HousingWire engage.marketing 2021 on-demand summit, go here.

Panelists:

  • Doug Duncan, SVP & Chief Economist, Fannie Mae
  • Sarah Wheeler, Editor in Chief, HousingWire

This content is exclusively for HW+ members.

Start an HW+ Membership now for less than $1 a day.

Your HW+ Membership includes:

  • Unlimited access to HW+ articles and analysis
  • Exclusive access to the HW+ Slack community and virtual events
  • HousingWire Magazine delivered to your home or office
  • Become a member today

    Already a member? log in

    Most Popular Articles

    These are the hottest housing markets in America

    A housing market report from RE/MAX found that 36 of 51 metro areas had double-digit year over year sale price increases in August. Boise led the way.

    Sep 17, 2021 By

    Latest Articles

    In a purchase market, rookie LOs may struggle

    Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they’ll have to sing for their supper. HW+ Premium Content.

    Sep 20, 2021 By
    3d rendering of a row of luxury townhouses along a street

    Log In

    Forgot Password?

    Don't have an account? Please