(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Category: News and Trends
MBA Advocacy Update: June 8, 2020
MBA remains actively engaged with decision-makers at all levels of government to help shape the response to the effects of the pandemic on the mortgage market. Last week, the Senate passed legislation that would ease restrictions on the SBA’s Paycheck Protection Program, which President Trump signed into law on Friday.
(#MBALive) Closing Loans During a Pandemic With RIN and RON
Enterprising mortgage companies are using what they have to ensure consumers can still obtain loans during the COVID-19 crisis.
MBA Chart of the Week: Measures of Apartment Stress in March and May
There has been an important disconnect between the labor market and apartment markets over the last two months.
An Upbeat Jobs Report, Followed by a ‘Misclassification Error’
At 8:30 a.m. on Friday, the Bureau of Labor Statistics issued a surprising May unemployment report: instead of the 8 million job losses expected by economists’ consensus, the report showed a dramatic 2.5 million increase in jobs, and a 1.4 percent dip in the unemployment rate, from 14.7 percent in April to 13.3 percent. But there was a catch–a huge catch.
Dealmaker: Enterprise, Fellowship Square Close on $86M Construction Financing
Enterprise Community Development, Columbia, Md., and Fellowship Square Foundation, Reston, Va. received $86 million to build the new Lake Anne House in Reston, Va. outside Washington, D.C.
HUD/Census: Nearly Half of Rental Units Are in Small Multifamily Properties
Nearly half of the nation’s 48.2 million rental housing units are in properties with less than five units, HUD and the U.S. Census Bureau reported. For these small rental properties, …
(#MBALive) Closing Loans During a Pandemic With RIN and RON
Enterprising mortgage companies are using what they have to ensure consumers can still obtain loans during the COVID-19 crisis.
Analysts: Missing Spring Home Sales to Disperse over ‘Years’
When the coronavirus pandemic turned the economy upside down, anxiety and uncertainty about the future initially kept many home buyers and sellers at bay. Inventory and sales have picked up over the past month, though, and a panel of housing experts and economists sponsored by Zillow, Seattle, say the U.S. housing market hasn’t lost those missing springtime transactions for good. But it could take years for a full recovery.
The Week Ahead: June 8, 2020
Good morning! Welcome to Month Four of the Coronapocalypse. This afternoon, the Mortgage Bankers Association releases its weekly Forbearance & Call Volume Report at 4:00 p.m. ET; MBA NewsLink will provide a special afternoon issue with the results.