In our Hot Topic segment this week we’ve got Michael Fratantoni on the program to give us his update and outlook for the mortgage industry this year! You won’t want to miss this program!
More about Michael Fratantoni………
Michael Fratantoni is MBA’s Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA’s industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of MISMO and serves on the CSP’s Industry Advisory Group and the membership committee of MERS.
Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae. He received a Ph.D. in economics from Johns Hopkins University and a B.A. in economics from The College of William and Mary, and has served as an adjunct professor at the University of Washington, and Johns Hopkins, George Washington, and Georgetown Universities.
Topics Covered in this Episode:
- Purchase originations in 2021 are now expected to rise.
- MBA anticipates refinance originations will slow next year.
- In 2021, mortgage originations are expected to fall.
- The economy is expected to rebound in 2021.
- Additionally, the unemployment rate is expected to improve!