| Title: | Fannie Mae at Lehman Brothers 5th Annual Financial Services Conference Transcript |
| Price: | $54.00 |
| Publication Date: | Sep 11, 2007 |
| Source: | Thomson StreetEvents |
| Report Type: | Transcript |
| Abstract: | Final Transcript of FNM presentation, 11-Sep-07 2:15pm ET |
| Brief Excerpt: | ... - Fannie Mae - VP & Chief Economist (Audio starts during call) -- But mortgage debt growth will slow very sharply this year and next year. As with all good economists, I always talk about GDP first. Now let me say this, this is one of those times where there is greater than usual uncertainty. For example, the time after the stock market crashed in '##; #### when Iraq invaded Kuwait; '## with the default of long-term capital management and the Russian default, and six years ago today in this city. Significant uncertainty about what would happen with financial markets in the overall economy and there is as much uncertainty today. So all of our outlook today has a much greater degree of uncertainty than normal here. But, as we can see here, the red bars are forecast for economic growth going forward compared to the green lines which is a reasonable projection of long-term economic trend growth, shows the economy growing at a below trend pace for the next couple of years. Held down in part... |
| Word Count: | 6791 |
| Length: | 10 Pages |
| Ticker: | FNM |
| Time: | 2:15pm ET |
| Related Report(s): | |
| Format: | 
Adobe Acrobat
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
