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“Our members believe that key elements within this House-passed package would provide essential relief to millions of individuals and families affected by the COVID-19 pandemic, as well as much-needed assistance to businesses that have been hurt by the economic impact of the national emergency. Our association sees a continued need for additional targeted assistance for tenants, homeowners and businesses affected by the pandemic, particularly those businesses in the retail and hospitality sectors.”
–Bill Killmer, MBA Senior Vice President of Legislative and Political Affairs, in a letter this week to Senate leadership urging support of a broad coronavirus relief package.

MBA: February Commercial, Multifamily Mortgage Delinquency Rates Decrease

Delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial and multifamily mortgage performance continues to vary by the different types of commercial real estate, the Mortgage Bankers Association reported.

Joe Murin of JJAM Financial Services on the Future of the Housing Market—and the GSEs

Joe Murin is Chairman of JJAM Financial Services, Pittsburgh, Pa., which he founded in 2014. He previously served as Chairman of Chrysalis Holdings LLC and as CEO of ANC Holdings LP. Before that, he was Vice Chairman of The Collingwood Group and served as President of Ginnie Mae during the Obama Administration.

ATTOM: Refis Push 4Q Lending Activity Up 5.5%

ATTOM Data Solutions, Irvine, Calif., reported a 5.5 percent increase in residential mortgage activity during the fourth quarter and a nearly 50 percent increase from a year ago to its highest level in nearly 14 years.

ADP: February Private-Sector Employment Up 117,000

Ahead of this Friday’s employment report from the Bureau of Labor Statistics and this morning’s weekly initial claims for unemployment insurance report from the Labor Department, ADP, Roseland, N.J., said private-sector employment increased by 117,000 jobs from January to February.