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Fannie Mae: Consumer spending growth to pick up in Q2

Fannie Mae: Consumer spending growth to pick up in Q2 May 16, 2017 / in Uncategorized / by Lindsay Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter.

Fannie Mae may. unspectacular economic growth. ALSO READ: The Largest Employer in Each State Fannie Mae’s Economic & Strategic Research Group’s February 2016 Economic and housing outlook forecast a.

Growth expectations for 2017 remain at 2.0 percent, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s May 2017 Economic and Housing Outlook. For the fourth consecutive year.

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Our outlook for above-trend second-half growth remains intact as economic data released this week were broadly consistent with strengthening economic momentum. Growth for Q2 2014 was revised up to 4.6 percent annualized-the fastest rate of economic expansion since Q4 2011. Upward revisions were broad-based, though a 0.4 percentage point

“Recent data showed a stronger pickup. increase our growth forecast for the final quarter of this year and coming quarters,” Duncan said. “We also revised higher our 2018 growth forecast to 2%.”.

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 · While housing activity and consumer spending in Q2 picked up, a slowdown in hiring and business investment has tempered what should have been a rosy forecast from Fannie Mae.

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Fannie Mae Data Dynamics Webinar (May 2019) WASHINGTON: Despite a slowdown in the first quarter, economic growth is forecasted to pick up through the remainder of 2018, resulting in full-year real GDP growth of 2.7 percent, according to the.

The economy experienced the worst performance in five years during the first quarter of 2014, due in large part to a significant downward revision in healthcare spending, and incoming data suggest.

Senate fails to pass Terrorism Risk Insurance Act How Does tax reform impact agency valuation and M&As? – Senate Holds Hearing on Terrorism Insurance Reauthorization. On Tuesday, the U.S. Senate Committee on Banking, Housing and urban development held a hearing on reauthorizing the terrorism risk insurance program, which is currently scheduled to expire on Dec. 31, 2020.

 · Threats and counter-threats aside, economic growth should pick up this quarter amid a rebound in consumer spending and business investment growth, in addition to a healthy labor market. soft residential investment last quarter should prove temporary, as home sales resume their slow upward grind, with inventory shortages playing friend to prices but foe to affordability and sales."

HUD extends deadline for unemployed mortgage assistance HUD Extends EHLP Application Deadline – MortgageOrb – The U.S. Department of Housing and Urban Development (HUD) and NeighborWorks America announced on Friday that they have extended the application deadline for the Emergency Homeowners’ Loan Program (EHLP) through July 27. The original deadline for the $1 billion program, which provides zero-interest, forgivable bridge loans to unemployed or underemployed borrowers in 27 states, was [.]FHFA: Principal reduction would cost Fannie, Freddie $100 billion  · FHFA estimates that principal forgiveness for all of these mortgages would require funding of almost $100 billion to pay down mortgages to the value of the homes securing them. This would be in addition to the credit losses both Enterprises are currently experiencing.

The forecast for U.S. GDP growth for all of 2018 remains unchanged at 2.7 percent, according to the Fannie Mae. and parts spending, following the fourth-quarter 2017 surge to replace.

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