The Mortgage Bankers Association led more than two dozen other industry groups in an Apr. 15 letter to state and local policy associations, urging them to allocate available American Rescue Plan federal funds to assist renters, consumer-facing small businesses and impacted industries that are having trouble paying rents, mortgages or remaining viable enterprises due to the COVID-19 pandemic.
The Mortgage Bankers Association and nearly 100 industry trade and community organizations sent a letter to the House this week urging support for legislation that would promote housing development and construction near transit hubs.
The Mortgage Bankers Association and nearly 20 other industry trade associations sent a letter this week to House Financial Services Committee leadership in support of draft legislation that would address “tough legacy” contracts that use the London Inter-Bank Offered Rate, or LIBOR.
Major institutional real estate owners’ investment activity fell significantly due to the pandemic, but their portfolio allocations did not deviate significantly, reported Reonomy, New York.
Initial claims for unemployment insurance fell sharply last week to its lowest level since March 2020, the Labor Department reported yesterday.