The job market softened somewhat in February, with the unemployment rate increasing to 4.1%, the pace of private sector job growth up by 140,000, and wage growth steady at 4%.
Category: News and Trends
Learn About the CMB Designation From Industry Leaders
MBANow recently sat down with some mortgage industry leaders to hear about their experience with the Certified Mortgage Banker designation.
AI in Mortgage Lending: A Practical Guide for a Traditional Industry by BeSmartee’s Tim Nguyen
Many mortgage professionals recognize AI’s potential but struggle with the same questions: Where do we start? What are the right use cases? How do we implement AI without disrupting our operations?
Advocacy Update: MBA Update on HUD Operations, Recommendations for FHA, Ginnie Mae Program Improvements
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote of the Day
“MBA’s forecast is for job growth to slow in 2025 relative to last year and for the unemployment rate to increase close to 4.5% by the end of the year.”
–MBA SVP and Chief Economist Mike Fratantoni
Jobs Up by 151,000 in February; Unemployment Rate Ticks Up
The Bureau of Labor Statistics released February employment numbers, finding total nonfarm payroll rose by 151,000 in February.
About the Accredited Mortgage Professional (AMP) Designation
When you graduate from MBA Education’s School of Mortgage Banking (SOMB), you become an Accredited Mortgage Professional (AMP). This designation recognizes the achievements of individuals in the single-family real estate finance industry for their pursuit of educational excellence, high ethical standards, and commitment to professionalism.
Redfin: Investor Home Purchases Drop Slightly in Q4
Redfin, Seattle, reported investor activity declined in Q4, with 47,004 homes purchased.
MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset
MISMO, the real estate finance industry’s standards organization, seeks public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information. The 30-day public comment period runs through April 3, 2025.
Understanding Parametric Insurance: A Lender’s Guide to Maximizing Protection and Efficiency-April 10
About the EventIn an ever-evolving risk landscape, traditional insurance may not always provide the speed and certainty businesses need. Parametric insurance offers a tailored, efficient alternative. This webinar explores the …