This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
Category: News and Trends
MBA Advocacy Update Aug. 10, 2020
As congressional leaders and the administration remain deadlocked in negotiations on the next potential COVID-19 relief package, MBA’s advocacy on key federal regulatory and state-based actions has continued.
The Week Ahead
Good morning! And welcome to another week of political uncertainty in what has certainly been the strangest year since…well, 2019.
Dealmaker: JLL Closes $64M in Office, Multifamily Transactions
JLL, Chicago, closed $63.8 million in office and apartment property transactions in Minnesota and Colorado.
MBA Chart of the Week: Processing Times in Days for HELOCs and Home Equity Loans
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
One-Quarter of Homebuyers Are Moving–Or Moving Sooner Than Planned–Due to Pandemic
Redfin, Seattle, said three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has changed their homebuying plans.
Pandemic Likely to Have ‘Meaningful Impact’ on Multifamily Market
Freddie Mac, McLean, Va., predicted marginal reductions in rents and increased vacancies as the multifamily market responds to the COVID-19 pandemic’s economic effects.
MBA: Second Quarter Commercial/Multifamily Borrowing Falls 48 Percent
Commercial and multifamily mortgage loan originations fell by 48 percent in the second quarter from a year ago and declined by 31 percent from the first quarter, the Mortgage Bankers Association reported this morning in its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
July Jobs Up Nearly 2 Million; Unemployment Rate Drops
The Bureau of Labor Statistics reported nonfarm payroll employment increased by 1.8 million during July, pushing the unemployment rate down to 10.2 percent.
MBA Advocacy Update Aug. 10, 2020
As congressional leaders and the administration remain deadlocked in negotiations on the next potential COVID-19 relief package, MBA’s advocacy on key federal regulatory and state-based actions has continued.