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Monday, December 10, 2018

Exclusive: Mark Zandi Talks Housing, Recession, And The Foreclosure Settlement

Mark Zandi, a former John McCain adviser and the chief economist at Moody’s, said on Tuesday that there is a “better than even” chance of a new recession if we do nothing more to stimulate the economy, urging lawmakers to pass the president’s jobs bill at a debate on the legislation in New York.

Speaking to The National Memo prior to the debate, he said “there’s no home run” on juicing up the housing market and getting the economy going, but lauded the president’s new refinancing initiative for struggling homeowners as “a single that is substantive and meaningful.”