ADP, Roseland, N.J., reported a staggering drop of 20.2 million private-sector jobs in the U.S. between March and April.
Category: News and Trends
Ellie Mae: Low Rates Spur Refinance Activity to Historic High
Ellie Mae, Pleasanton, Calif., said refinance activity reached a record high in March for millennial borrowers as interest rates plummeted.
ATTOM: Pre-COVID-19, Steady Rates for Equity-Rich Homeowners
ATTOM Data Solutions, Irvine, Calif., said data gathered before the impact of the coronavirus pandemic showed equity-rich American homeowners dipped slightly in the first quarter, even as the share of seriously underwater homeowners edged up.
MBA May 19 Online State of the Industry Conference Adapts to a Changing World
There is nothing quite like attending a Mortgage Bankers Association conference in person. But with the entire country still dealing with the effects of the coronavirus pandemic, that on-site experience—for now—has to give way to the safety of your home. And MBA says it’s ready for you.
MBA: First Quarter CMF Borrowing Down 2%
Commercial and multifamily mortgage loan originations decreased 2 percent in the first quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
People in the News
Homespire Mortgage, Gaithersburg, Md., announced Shondra B. Jenkins joined its team as Director of Philanthropy and Community Engagement, to further develop and enhance its corporate social responsibility programs and outreach.
Brenda Colter: Branch Advocacy Beyond Onboarding is Just the First Step
We need branch advocates who step in and support branches after onboarding concludes. A branch advocate is an expert on how the company works. They are a single point of contact who collaborates with every department to remove obstacles, provide quick resolutions to requests and help with future growth opportunities.
MBA Education Path to Diversity Scholar Profile: Christa Thomas
(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.)
MBA Premier Member Profile: DataVerify
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
Mortgage Applications Up Slightly in MBA Weekly Survey
Mortgage applications edged up slightly from a week earlier as the 30-year fixed interest rate fell to another record low, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending May 1.