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Economy

MBA Economist: Mortgage industry still has bright spots amid mixed economic and housing outlook

MBA Economist: Mortgage industry still has bright spots amid mixed economic and housing outlook

“I think there is a high and growing risk of a recession in 2020. You know, put it at odds of something like 1 in 3.”

Mike Fratantoni, Chief Economist and Senior Vice President of Research and Industry Technology for the Mortgage Bankers Association (MBA), delivered those words last week in a webinar hosted by MountainView Financial Solutions, a Situs company. Fratantoni shared an outlook in a broad to narrow scope that covered economic conditions, the housing market and the residential mortgage industry, and in each of those three areas he provided a mix of good and bad news.