[PMI Report] Nice Spreads Cloud Credit

David Berson, the highly respected former Chief Economist at Fannie Mae, moved over to PMI to become its Chief Economist and Strategist. PMI just released their publication The Housing Mortgage Market Review, a timely publication given the swirl of information being released.

The U.S. economy, housing activity, and financial markets all deteriorated over the past
month, increasing the likelihood that the economy is in recession. While we expect the
downturn to be relatively short and mild, the odds of a more serious slump are rising.
…
Original Source: matrix.millersamuel.com

  25 March, 2008| housingblogs | @ 5:19

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