Freddie Mac's Multifamily Mezzanine Loan offering incentivizes multifamily property owners to limit rent increases without any federal, state or municipal expenditures. More
Freddie Mac's MSR Financing pilot program provides financing to servicers, with several specific limitations, secured by the servicers' mortgage servicing rights. This financing enhances the liquidity of the mortgage servicing market and enables Freddie Mac to better manage counterparty risk. More
Freddie Mac's IMAGIN pilot features an enhanced form of mortgage insurance (MI) designed to attract additional sources of private capital to support low down payment lending, while enabling better management of taxpayer exposure to our mortgage and counterparty risks. More
Freddie Mac’s Duty to Serve Plan builds on our longstanding, extensive efforts to increase rental and homeownership opportunities in underserved markets across the nation. More
Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac's Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac's business prospects or expected results. Although the Economic & Housing Research group attempts to provide reliable, useful information, it does not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2021 by Freddie Mac.
Forecast | JAN 14, 2021
It’s been close to a year since the pandemic began, and economic growth continues to remain uncertain. The availability of a COVID-19 vaccine and its widespread distribution should steer the economy towards recovery, but the timelines remain unknown. The labor market has recovered from the lows it reached in April of last year but continues to be weak. As of mid-December of 2020, jobless claims were still around 20 million, remaining well above the pre-pandemic levels. The unemployment rate was 6.7% in December with more permanent job losses and less labor force participation signaling a slowdown in the current labor market recovery.
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