Economist III

Fannie Mae
Washington, DC - United States
S: Competitive

THE COMPANY

Are you interested in helping solve today's most critical housing challenges? In simplest terms, Fannie Mae serves the people who house America. We work at the heart of housing by providing reliable, affordable mortgage financing in all markets at all times, buying loans that banks and other lenders originate, so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes and apartments. Creating these opportunities is what drives the people who work at Fannie Mae.

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

Advanced econometric skill including time series, panel data, discrete event modeling; etc.
Experience in mortgage performance modeling, property and financial asset valuation modeling is preferred;
Excellent communication skill in both writing and oral communication;
Business knowledge on mortgage industry and Fannie Mae's operation;
Demonstrated ability to independently complete a complex modeling project from the beginning to the end without hands-on instruction.

Job summary