Economist

Fannie Mae
Washington, DC - United States
S: Competitive

Fannie Mae provides reliable, large-scale access to affordable mortgage credit in communities across our nation. We are the leading source of funding for housing in America, which means more people can buy or rent a home. We are focused on sustaining the housing recovery, improving our company, and leading change to make housing better.

Join our diverse, high-performing team and make a difference as we work together to enable access to a good home.

For more information about Fannie Mae, visit http://www.fanniemae.com/progress

JOB INFORMATION

Conduct analyses or studies on effects of different economic conditions on the company's products, assets, or investments. Identify and evaluate economic trends and their prospective effect on the markets in which the company's goods or service trade. Collaborate on product development, risk management, financial management and capital market projects and exercises with economic analysis and projections. May represent the company in trade associations, professional groups, or to the public.

KEY JOB FUNCTIONS

Conduct economic research on public, proprietary, or lender data to assess trends or patterns in lending, borrowing, and the models used by the company to assess risk or assign risk management policies.
Provide macroeconomic data and interpretation on home prices, home inventories, regional trends and the like, both within organization and to lenders, originators, insurers, and the like.
Perform research and analytics on proprietary system(s) and related issues, and develop new models for understanding and predicting housing market activity that can affect lenders, investors, and the organization.
Production of analyses supporting corporate management and business unit management. Areas of research include credit profile, loan performance, volume trend, loss mitigation, REO, housing market trend, and general economic conditions.
Using public and proprietary data, assess risks in particular regions, asset classes, types of lenders or borrowers, and the like. Prepare analyses and reports as appropriate.
Conduct broad-based economic research and reading and prepare articles, digests, and reports for business unit management, specialty publications, clients, and the public.

Qualifications

EDUCATION
Bachelor's Degree or equivalent required

MINIMUM EXPERIENCE
6+ years of related experience

SPECIALIZED KNOWLEDGE & SKILLS
PhD in economics or related fields with solid economist training required;
3-8 years of experiences in financial services industry;
Excellent communications essential to the success;
SAS programming is needed;
Experience of analyzing large dataset (millions observations) is needed;
Expected to apply economic analysis to business questions;
Experience in mortgage industry especially secondary market is a plus.

Job summary