Strong Housing Market Boosts Sharp Rise in Homeowner Equity
ATTOM, Irvine, Calif., said mortgage residential properties considered “equity-rich” jumped to nearly 42 percent in the fourth quarter as rising home prices boosted homeowner equity.
ADP: Private-Sector Employment Takes January Tumble
ADP, Roseland, N.J., said private-sector employment fell in January for the first time since December 2020, delivering a jolt to the post-pandemic economic recovery.
TransUnion: Recent Vintage Loans Perform Well Even as More Non-Prime Consumers Gain Credit
TransUnion, Chicago, said consumer credit performance maintained healthy levels across auto, credit card, personal loans and mortgages in the fourth quarter even as lenders continued to ramp up new account origination growth in the non-prime segment of the market.
CRE Professionals Optimistic for Multifamily Market
The multifamily market will likely continue to see strong demand following a positive year of investment activity in 2021, said Berkadia, New York.
MBA Launches Developing Leaders Mentoring Program; Application Deadline Feb. 4
The Mortgage Bankers Association’s Developing Leaders Mentoring Program is a newly launched 12-month program designed to support development of employees within our member organizations.