Friday’s Employment Situation Summary from the U.S. Bureau of Labor Statistics indicated that job growth remained lackluster in September following similarly disappointing gains in August.
Category: News and Trends
September Employment Sees 194,000 Gain; Unemployment Rate Falls to 4.8%
Total nonfarm payroll employment rose by 194,000 in September—well below expectations—but the unemployment rate fell by 0.4 percentage point to 4.8 percent, the Bureau of Labor Statistics reported Friday.
Sponsored Content from WFG: Three to Get Ready…
WFG’s Enterprise Solutions has a trio of proven products ready to boost lender efficiency as the market shifts to origination loans.
Sponsored Content from CreditXpert: Three Ways Credit Potential Can Grow Revenue
Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
The Week Ahead Oct. 11, 2021: Five Things to Watch
Good morning! We are less than a week away from the biggest event the real estate finance industry has seen in more than two years. That, and four other things to look for this week. Read on:
MBA Annual21: Concert MBA Presents OneRepublic to Benefit MBA Opens Doors Foundation
OneRepublic will take the stage for Concert MBA at the Mortgage Bankers Association’s Annual Convention & Expo to benefit the MBA Opens Doors Foundation.
Industry Briefs Oct. 11, 2021: Homebuyers’ Average Monthly Mortgage Payment Jumps
Redfin, Seattle, said the average homebuyer’s monthly mortgage payment rose $50 over the past six weeks. At the same time, sellers’ median asking price increased 12% year over year to a record high.
Quote
“The ongoing decline in the unemployment rate, and the rise in wage growth is good news for the housing market, as it will continue to support strong housing demand. With 7.7 million people unemployed and looking for work, and a record 10.9 million job openings, we expect the unemployment rate will continue to drop over the next year.”
–MBA Chief Economist Mike Fratantoni.
ESG and its Impacts on CRE
Environmental, Social and Governance criteria is an investment strategy focused on making the world a better place. This is not a new idea; versions of sustainable investing trends have emerged in the past. But the explosive growth and rapidly increasing capital allocation toward “ESG” friendly assets is unprecedented.
Kevin Peranio of AXIS Lending Academy: And The American Dream for All
Kevin Peranio is a director of AXIS Lending Academy. He is also the chief lending officer for PRMG, one of the nation’s largest mortgage lenders, where he oversees all loan production.