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Fannie Mae’s Doug Duncan on Fed ‘overcommunication,’ ‘dormant’ lenders and second mortgages

Doug Duncan, the chief economist at Fannie Mae, believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies should be ready to face.

“Every indicator that comes out, the market judges which way would the Fed move with it. Then, the 10-year response to that is the hazard,” Duncan said in an exclusive interview with HousingWire on Wednesday. “Different economists will give different points of view on that. But to me, it’s an excess of information.”

Adding the fiscal policy to that, Duncan said details ⇒

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