National Mortgage News recently published an article about Fannie Mae’s prediction of the oncoming recession – coming sooner than many expected.

“Financial conditions have tightened significantly, and the economy is slowing faster than previously expected as markets adjust to the Federal Reserve’s tightening guidance,” Fannie Mae Chief Economist Doug Duncan said in a press release.

To read the full article, click here

It’s looking to be a rough road ahead for our overall economy. As a longstanding leader in insurance tracking technology and lender-placed insurance programs for diverse financial institutions and mortgage servicers, our OSC and SUI teams are skilled and ready to tailor a compliant, efficient solution for any size and type of lender.

With a range of support services, competitive insurance products, and experienced team members, we’d welcome the opportunity to discuss the needs of your operation or your insureds.  For community bank or auto finance companies, contact SUI here. For all other interests, contact OSC here.