MBA: Second Quarter Commercial/Multifamily Borrowing Falls 48 Percent
Commercial and multifamily mortgage loan originations fell by 48 percent in the second quarter from a year ago and declined by 31 percent from the first quarter, the Mortgage Bankers Association reported this morning in its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA Advocacy Update Aug. 10, 2020
As congressional leaders and the administration remain deadlocked in negotiations on the next potential COVID-19 relief package, MBA’s advocacy on key federal regulatory and state-based actions has continued.
MBA Chart of the Week: Processing Times in Days for HELOCs and Home Equity Loans
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
July Jobs Up Nearly 2 Million; Unemployment Rate Drops
The Bureau of Labor Statistics reported nonfarm payroll employment increased by 1.8 million during July, pushing the unemployment rate down to 10.2 percent.
