Jun 16, 2011
Freddie is ready — and hopeful
16 Jun 2011
Posted by Andrew Kantor
File under "faith," as in Freddie Mac’s leadership has it about the future. "Soft" housing market? Sluggish recovery? Congress looking to shut it down? The government-sponsored enterprise remains unfazed… mostly.
That’s according to HousingWire’s Christine Ricciardi in her piece "Freddie Mac ready for growth in housing markets."
Job growth is sluggish and unemployment recently rose to 9.1%, spurring even more economic uncertainty in the markets, [Freddie Mac's Chief Economist Frank] Nothaft said.
But that is not reason to fret, Nothaft claimed, as he expects more robust economic growth in the second half of the year.