1Q GDP Report Shows Accelerating Economy
Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter—the fastest such pace in more than 36 years—according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.
February Pending Home Sales Fall 10.6%
Pending home sales fell in February, the second straight month monthly decrease, the National Association of Realtors reported yesterday.
Initial Claims Down Another 13,000
Initial claims for unemployment insurance continued to drop, the Labor Department reported last week, falling to levels last seen in March 2020.
CFPB: Consumer Complaints Higher in Predominantly Minority Areas
The Consumer Financial Protection Bureau issued a bulletin this week analyzing complaints submitted by consumers in counties nationwide. The Bureau reported in 2019 and 2020, it received more complaints on a per-capita basis from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties.
MBA Seeks Nominations for Residential, Commercial Boards of Governors; Deadline TODAY
The Mortgage Bankers Association seeks nominees for its Residential Board of Governors (RESBOG) and Commercial Real Estate Finance/Multifafmily Board of Governors (COMBOG). Deadline for nominations is this Friday, Apr. 30.