MBASecondary22: A Volatile Economic Outlook

NEW YORK—The mortgage industry is coming off two of its best years in history, despite a temporary but economically devastating pandemic. Now, economists said here at the MBA National Secondary and Capital Markets Conference & Expo, the industry is entering a more challenging environment.

Highlights of MBA’s Revised May Forecasts

The Mortgage Bankers Association this week released its revised monthly Economic Forecast and monthly Mortgage Finance Forecast. Here are highlights and commentary from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan:

Quote

“The VA’s home loan program plays a critical role increasing the availability–and affordability–of mortgage credit for service members, veterans, and their surviving spouses.”
–Mortgage Bankers Association Vice Chair Mark A. Jones, testifying in support of H.R. 7735, the Improving the VA Home Loan Benefit Act of 2022.