Dear Readers,
As a lifelong girl scout, I can tell you the motto, ‘be prepared’ was
definitely put to the test in 2020. So much so, that this year, it is my
New Years’ resolution, one that I hope to pass on to you.
In terms of the Dodd Frank Update, this means we will be working to
prepare you for upcoming changes in the compliance and regulatory
department. For an in-depth look at the state of the industry and
what experts are anticipating, be sure to check out our special report
coming sometime this month.
The housing and lending industry finished 2020 strong, and industry
professionals are anticipating a continuing positive trend for the year
ahead. Doug Duncan, Fannie Mae senior vice president and chief
economist, said the company’s economic and strategic research group
predicted strong sales for 2021, though likely not at the same rate as
2020.
“Even though near-term economic growth may be slowing, as
made evident by the latest employment data, we believe the high
probabilities of a successful COVID-19 vaccine distribution and
additional federal stimulus will carry the economy through a
relatively soft first half of 2021 before accelerating in the second
half,” Duncan said in a release.
A new year always brings with it the feeling of a fresh start. News
of a vaccine finally being released also brings hope that things
will slowly start returning to normal, which means a return to the
conferences and face-to-face interactions we have missed this past
year. I look forward to finally meeting everyone.
Stay in touch (but socially distant),
Elizabeth C. Childers, Esq.
Editor