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To: Lucretius who wrote (17472)	2/2/1999 7:03:00 AM
From: accountclosed	Read Replies (1) of 86076

I have a mortgage banker friend who went to see FNM chief economist talk last weekend. I got this summary: Possibly the most interesting component of the annual meeting from your standpoint was the address by Fannie Mae's chief economist. Projections include somewhat declining home re-sales (off from record levels), and slightly higher rates (basically flat), with no fed action anticipated for at least the upcoming 12 months. No real mention of any dramatic market volatility (until the potential scenario was raised in a question). Everyone seems to be avoiding the issue.

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