“The headline of a second straight decline in real GDP highlights the abrupt change in the path of the U.S. economy, but the ongoing strength in the job market and other signs of growth make it unlikely that this will be categorized as a recession at this point.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni.
The House on Wednesday passed legislation that creates federal minimum standards to allow notaries in all states to perform remote online notarization transactions. The Mortgage Bankers Association applauded the news.
The Federal Open Market Committee hiked the federal funds rate by 75 basis points on Wednesday, matching its 75 basis point increase in June.
Pending home sales decreased in June following a slight increase in May, the National Association of Realtors said Wednesday.
Rhonda McGill, Senior Director of Client Solutions with PerformLine, Morristown, N.J. Her team provides regulatory and marketing compliance expertise to lead PerformLine’s voice of the customer initiatives as the company continues to invest in the development of its industry-leading compliance technology. She also hosts industry roundtables and moderates webinars to highlight the latest developments and trends in the industry.
Consumer confidence decreased in July, following a larger decline in June, The Conference Board reported.
As the number of weather-related disasters increases, states have implemented a range of requirements and incentives to mitigate their impact on federal Low-Income Housing Tax Credit properties, reported Freddie Mac, McLean, Va.
Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 22, 2022.
The Mortgage Bankers Association is accepting entries for its annual Diversity, Equity and Inclusion Residential Leadership Awards; entry deadline is Friday, Aug. 5
Adam Carmel is Founder and CEO of Polly. He experienced firsthand the fundamental gaps that existed in legacy software solutions. After recognizing that a modern, cloud-native alternative did not exist, Adam founded Polly and developed the industry’s first vertically integrated, data-driven capital markets software solution that allows for unlimited flexibility, configurability and scalability.
