Pending home sales fell in December, marking two straight months of declines, the National Association of Realtors reported Thursday. All four regions posted both month-over-month and year-over-year drops in contract activity.
Category: News and Trends
Initial Claims Down 30,000
Initial claims for unemployment insurance continued its yo-yo pattern in recent weeks, falling by 30,000 last week, the Labor Department reported Thursday.
4Q GDP Shows Subtle Signs of Slowing
Despite the potential impact of Omicron variant on the U.S. economy, fourth quarter gross domestic product clipped along at nearly 7 percent, the Bureau of Economic Analysis reported Thursday. But the numbers might not be all that they seem, analysts said.
John Keratsis of Deephaven Mortgage on Blockchain and Non-QM Lending
John Keratsis is President and Chief Executive Officer of Deephaven Mortgage, a full service, multi-channel, long-term credit provider in the Non-QM space.
‘A Home for All’
NASHVILLE, Tenn.—When Kristy Fercho was elected as Chair of the Mortgage Bankers Association this past October, she announced an ambitious agenda aimed at improving diversity, equity and inclusion in the workplace and greater opportunities for minority home borrowers.
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“While household spending growth, particularly on services, was steady, most of the pickup in GDP growth was due to a significant jump in business spending on inventories. This likely reflects the ongoing challenges so many sectors of the economy have had with supply-chain constraints.”
–MBA Chief Economist Mike Fratantoni.
Managing Fair Lending for IMBs
NASHVILLE, Tenn.—Independent mortgage banks know full well the importance of risk, whether it’s developing business strategies—or preparing for Fair Lending examinations.
Ten (or More) Things Every Mortgage Banker Must Do in 2022
NASHVILLE, Tenn.—Did we get your attention with that headline? Good. This will be one of your easiest reads for the day.
MBA CONVERGENCE Partner Profile Series: E.J. Thomas, President & CEO of Habitat for Humanity-MidOhio
E.J. Thomas has been President and CEO of Habitat for Humanity-MidOhio for the 17 years and is responsible for oversight and operation of one of the nation’s top Habitat affiliates.
Sign the MBA Home for All Pledge
The Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.