|Dr. Douglas G. Duncan, vice president and chief economist for Fannie Mae|
Dr. Douglas G. Duncan, vice president and chief economist for Fannie Mae, will be the featured speaker at the next quarterly Luncheon Meeting of the Real Estate Research Council of Southern California on Thursday, May 28, at Cal Poly Pomona.
Created in 1938, Fannie Mae plays an integral role in stabilizing the U.S. housing and mortgage markets by guaranteeing home loans. But like all institutions involved in the real estate industry and home loan markets, Fannie Mae took a hit when the housing bubble burst in 2008. Since then, Fannie Mae has received an infusion of money from the federal government and has been active in helping homeowners refinance or modify their loans to avoid foreclosure. In his speech, Duncan will offer a retrospective of the housing crisis and a glimpse of how the real estate finance market industry may look in the near term and further out.
Duncan manages Fannie Mae's Economics and Mortgage Market Analysis Group, which provides all economic, housing and mortgage market forecasts and analyses. He is frequently asked to speak on national and state economic outlooks as well as housing and mortgage market conditions. Duncan has been listed in the “Top 100 Most Influential People in Real Estate” by Inman News.
The luncheon will begin at 11:30 a.m. at the Kellogg West Conference Center. Members of the community are invited to attend the event. Admission is $35 and reservation forms are available online at www.cpp.edu/~rerc.
RERC is the oldest not-for-profit real estate data organization in the United States. Founded in 1939, RERC produces a quarterly publication, The Real Estate and Construction Report, which includes extensive data on trends in real estate markets in each of the seven Southern California counties. RERC presents the Report results at its quarterly Luncheon Meetings. Dr. Michael Carney is the RERC director and has been quoted in several national publications including The Wall Street Journal, Los Angeles Times and The New York Times for his views on real estate trends.