Huber Bongolan

“Breakfast Series: Economic Outlook from Federal Reserve Bank of Chicago” by the OSU Center of Real Estate

Webinar: 12/2020

  • The Fed cutting rates doesn’t lead to more employment and inflation like it used to
  • 2008 and 2020 the Fed cut short-term rates to zero
  • When short-term rate are zero, Fed can buy assets like Treasuries and mortgage securities to make longer-term rates lower
  • Comparison to Great Recession: stronger economy (job growth), stronger household balance sheets (low debt service burdens), stronger housing positions (appreciation), stronger mortgage markets (less subprime and more GSE market share), different economic disruption.
  • Policy response = provide liquidity to borrowers
  • As expected, forbearance programs has directly led to lower delinquencies
  • Fed programs are working but are not meant to last forever

Published by Credible CRE

Huber Bongolan has 9 years of experience in commercial and residential real estate finance. Mr. Bongolan has sourced $700+ million in debt and equity financing for land, construction, bridge, and permanent deals in all product types. Huber received a double bachelors, Business Economics and International Studies, from UC Irvine where he graduated Cum Laude. He then earned a double masters, MBA and MRED, with Program Distinctions, from University of Southern California. Mr. Bongolan is an Eagle Scout in the Boy Scouts of America, and holds leadership positions in both ULI (Urban Land Institute) and FIIRE (Filipinos in Institutional Real Estate). He enjoys competitive sports, mentoring youth, and teaching personal finance. Huber also enjoys writing about Real Estate trending topics and education. His blog posts can be found on

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