Fannie Mae names Douglas G. Duncan, Ph.D. chief economist MortgagePress.comeconomics and mortgage market analysis department, MBA
Fannie Mae has named
Douglas G. Duncan, Ph.D. vice president and chief economist. Duncan
will lead Fannie Mae's economics and mortgage market analysis
department within the company's business strategy group.
Duncan comes to Fannie Mae from the Mortgage Bankers
Association, where he has served as senior vice president and
chief economist since 2000. In that senior leadership role, Duncan
served as a primary spokesperson on economic and mortgage market
developments and performance for the MBA, a trade group
representing 3,000 companies that make up the majority of all
residential, multi-family and commercial real estate loans in the
U.S.
Prior to joining MBA in 1992, Duncan worked on Capitol Hill as a
LEGIS Fellow and staff member on the U.S. Senate Committee on
Banking, Finance and Urban Affairs, as well as at the U.S. Department of Agriculture's
Economic Research Service. He has been elected to the board of
directors for the National
Association of Business Economists and has been listed in the
"Top 100 Most Influential People in Real Estate" by Inman News.
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.
"We're very pleased to have someone of Doug's stature join our
team," said President and Chief Executive Officer Daniel H. Mudd.
"Doug's deep background in mortgage and housing market research,
his impressive economic analysis credentials, and senior leadership
experience are the perfect fit for his new role. His counsel and
scholarship will be important assets for the company as we strive
to bring stability, liquidity and affordability to the turbulent
housing and mortgage markets."
As chief economist at Fannie Mae, Duncan will be responsible for
providing all forecasts and analyses on the economy, housing and
mortgage markets for the company, and will work with the rest of
the company's business strategy group to provide insights regarding
external business dynamics and the broader economic environment. He
will provide regular economic commentary and serve as a primary
spokesperson on the economy and the housing and mortgage markets
for the company.
"Leaving MBA after 15 years is a tough decision given its
prominence and influential position in the industry," Duncan said.
"However, the opportunity at Fannie Mae is to join another
influential firm at a critical time in the real estate finance
markets. I look forward to making a positive contribution to the
ability of Fannie Mae to support the housing markets."
For more information, visit www.fanniemae.com.
