MBA Forecast: 2020 Commercial/Multifamily Lending Down 34% from 2019 Record Volumes
Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019's record $601 billion, according to a new Mortgage Bankers Association forecast.
Fed Sends ‘Loud and Clear’ Message on Low Rates
There were no real surprises coming out of yesterday’s Federal Open Market Committee meeting—there haven’t been for months, now—but according to Mortgage Bankers Association Chief Economist Mike Fratantoni, the message it sent was loud and clear.
Weekly Initial Claims Remain Stubbornly High
Initial claims for unemployment insurance fell by just 7,000 for the week ending Oct. 31, the Labor Department reported yesterday.
3Q Home Equity Levels Rise Despite Pandemic
ATTOM Data Solutions, Irvine, Calif., said equity-rich properties in the U.S. now outnumber those considered seriously underwater by a nearly 5-1 margin.