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Federal National Mortgage Association Message Board

  • monett4 monett4 Aug 22, 2013 12:15 PM Flag


    Fannie Mae (FNMA) said its full-year forecasts for both the economy and housing market remain on track, as economic growth continues to gain momentum despite a slow start to 2013.
    The mortgage-finance company backed its expectations for gross-domestic product growth, continuing to predict about 2% growth for 2013 and 2.6% growth for 2014.
    Fannie said the housing recovery continues and manufacturing and business investment are rebounding, helping to boost growth. Additionally, consumer spending and the employment sector appear to be growing sustainably, Fannie said, which may help offset any financial tremors caused by the expected tapering of the Federal Reserve's securities purchases.
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