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Category: News and Trends
RentCafe: Miami, Chicago Area Top Rental Competition List
RentCafe, Santa Barbara, Calif., reported that while the hottest spot for renters is Miami, the Chicago suburbs are a close rival.
Quote of the Day
“Mortgage credit availability in February increased for the third consecutive month to its highest level since March 2023.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
MBA Chart of the Week: Monthly Payroll Growth, Unemployment Rates
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%.
MBA Secondary & Capital Markets Conference: May 18-21
Meet us in New York City at the Marriott Marquis New York on May 18-21 for the largest gathering of secondary and capital markets professionals in real estate finance.
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.