WASHINGTON, Oct. 7, 2016 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) Chief Economist Doug Duncan and the Economic & Strategic Research (ESR) forecast team were recognized by National Association for Business Economics (NABE) with its 2015-2016 NABE Outlook Award. This award acknowledges Duncan and his team at Fannie Mae for the accuracy of their macroeconomic forecasts. Fannie Mae also received the 2014 – 2015 Outlook Award, and is the first recipient in the award's history to receive the honor for two consecutive years. Members of Fannie Mae's award-winning economic forecast team include Hamilton Fout, director of economics; Mark Palim, vice president & deputy chief economist; Frank Shaw, financial economist; and Orawin Velz, director of economics.

"The Fannie Mae forecast team works hard to provide business value through its forecasts and market analysis," said Duncan, "and to be recognized a second time by the nation's premier business economics organization is truly an honor. The professional benefits of NABE membership have been influential to my team, and we are happy to see the monetary gift go to the NABE Foundation, which continues to support and develop the next generation of leaders in our field."

The NABE Outlook is a quarterly survey that provides forecasts of macroeconomic variables made by a panel of professional economic forecasters. The award includes a cash prize of $1000, which NABE will donate to the NABE Foundation in Duncan's name. A complete list of NABE Outlook Award winners is available at: http://nabe.com/OutlookAward.

To learn more about Fannie Mae's most recent awards and achievements, visit: http://www.fanniemae.com/portal/about-us/company-overview/awards-achievements.html.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

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SOURCE Fannie Mae