Office markets in cities with a greater percentage of remote-friendly jobs are recovering more slowly than in cities with fewer such jobs, reported VTS, New York.
Category: News and Trends
Unemployment Claims Show Little Movement
Unemployment claims fell last week, but remained above 400,000 as revisions showed an increase from the previous week, the Labor Department said Thursday.
GDP Report Shows Chugging Economy
Hot, but not red-hot: the Bureau of Economic Analysis said its final estimate of first-quarter Gross Domestic Product showed an economy firing on all cylinders.
CDC Extends National Residential Eviction Moratorium for Final Time to July 31
The Centers for Disease Control and Prevention on Thursday extended its nationwide residential eviction moratorium by another month, to July 31.
Sherri Carr: A New Solution for Variable Rate Loan Products
. As competition heats up in the face of the anticipated slowdown in mortgage demand, adjustable-rate loans will become an important competitive tool for many loan originators.
As Prices Soar, Home Affordability Declines for Average Workers
ATTOM, Irvine, Calif., reported median home prices of single-family homes and condos in the second quarter were less affordable than historical averages in 61 percent of counties across the nation in the second quarter, up from 48 percent in the first quarter, to the highest level in two years.
White House Names Sandra L. Thompson Acting FHFA Director
The White House appointed Sandra L. Thompson as Acting Director of the Federal Housing Finance Agency effective immediately.
Industry Briefs June 25, 2021
Lodasoft, Livonia, Mich., integrated with the Optimal Blue PPE engine through Black Knight, Jacksonville, Fla. The integration enables mortgage lenders to deliver Optimal Blue PPE pricing workflows into Lodasoft’s platform
Dealmaker: Mesa West Capital Originates $40M for Austin Apartments
Mesa West Capital, Los Angeles, originated $40 million in first mortgage debt to finance an off-market acquisition of a 309-unit Austin, Texas apartment property.
Call for Speakers: MBA Risk Management, QA & Fraud Prevention Forum–Deadline June 29
Full session and individual speaker proposals are now being accepted for the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021, taking place Sept. 28–29 via MBA LIVE.