“These data lined up well with market expectations and are likely to keep the Federal Reserve on hold for the next meeting or two.”
–Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni on the latest jobs numbers
Category: News and Trends
Industry Briefs, June 9, 2025
Industry news from Fannie Mae, Friday Harbor, Prudent AI, Dark Matter, SESLOC and Dovenmuehle.
MBA Premier Member Editorial–A Diminished CFPB Part Two: How Will Courts and the Industry Respond
The second in a two-part series from Asurity on the regulatory landscape in light of the diminished role of the Consumer Financial Protection Bureau
MBA Advocacy Update: FHA Updates Guidance on Modernization of Engagement of Borrowers in Default
This week’s top legislative and policy news from the Mortgage Bankers Association.
Chart of the Week: Latest Delinquency Rates and Range Since 1996
Commercial mortgage delinquencies increased across all major capital sources in the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report
Dealmaker: Greystone Provides $58.6M Freddie Mac Loan for Illinois Multifamily
Greystone, New York, provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Ill.
Jobs Increase by 139,000 in May; Unemployment Remains Flat
Total nonfarm payroll employment increased by 139,000 in May, with the unemployment rate flat at 4.2%, the U.S. Bureau of Labor Statistics reported.
Quote of the Day
“Not only are there more homes for sale than there have been in five years, but the value of those homes is higher than it has ever been.”
–Redfin Head of Economics Research Chen Zhao
Redfin: Value of Homes on the Market Hits Record
Redfin, Seattle, released a new report finding that there are $698 billion in homes currently on the market–the highest dollar amount ever recorded.
MISMO Creates Standard for Electronic HELOCs
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 eHELOC Specification.