The Michigan Mortgage Lenders Association will present an Economic Update webinar to hear from Fannie Mae Senior Vice President & Chief Economist Doug Duncan on Tuesday, September 20, from noon to 1 p.m. via Zoom. Duncan will shed light on where the economy is headed and what to expect for the remainder of 2022 and into 2023.
As senior vice president and chief economist at Fannie Mae, Duncan is responsible for forecasts and analyses of the economy and the housing and mortgage markets. He also oversees strategic research regarding the potential impact of external factors on the housing industry.
Under Duncan’s leadership, Fannie Mae’s Economic & Strategic Research Group (ESR) won the NABE Outlook Award, presented annually for the most accurate GDP and Treasury note yield forecasts, in both 2015 and 2016 – the first recipient in the award’s history to capture the honor two years in a row. In addition, ESR was awarded by Pulsenomics for best home price forecast.
Named one of Bloomberg/BusinessWeek’s 50 Most Powerful People in Real Estate and Inman News’ 100 Most Influential People in Real Estate, Duncan is Fannie Mae’s source for information and analyses on demographics and the external business and economic environment; the implications of changes in economic activity on the company’s strategy and execution; and for forecasting overall housing, economic, and mortgage market activity.
Prior to joining Fannie Mae, Duncan was senior vice president and chief economist at the Mortgage Bankers Association. His experience also includes work on the Financial Institutions Project at the U.S. Department of Agriculture and service as a LEGIS Fellow and staff member with the Committee on Banking, Finance, and Urban Affairs for Congressman Bill McCollum in the U.S. House of Representatives. Previously, Duncan was a board member of the National Association of Business Economics and a board member and chairman of Strategies to Elevate People (STEP).
Duncan is a Hoyt Professional Fellow at the Homer Hoyt Institute. He was chosen as the North Dakota State University College of Agriculture Alumni of the Year in 2018. He was also elected as a Trustee of North Dakota State University in 2022.
Duncan received his Ph.D. in Agricultural Economics from Texas A&M University and his B.S. and M.S. in Agricultural Economics from North Dakota State University.
The Economic Update webinar is free for MMLA members and non-members can attend for $20. To register for the webinar, visit https://mmla.net and click on “events.”
