MBA Advocacy Update: Jan. 11, 2021
On Tuesday, the Federal Housing Finance Agency released the final 2021 Underserved Markets Plans for the GSEs under the Duty to Serve program. On Monday, MBA submitted comments in support of a proposed rule on supervisory guidance issued by a group of federal financial regulators.
Job Losses Mark December Employment Report
The U.S. economy shed 140,000 jobs in December, the Bureau of Labor Statistics reported Friday, although the unemployment rate held steady at 6.7 percent.
MBA: December Commercial/Multifamily Mortgage Delinquencies Rise
Delinquency rates for mortgages backed by commercial and multifamily properties Increased for the second month in a row in December, according to the Mortgage Bankers Association's latest monthly MBA CREF Loan Performance Survey.
MBA Chart of the Week: Unemployment Insurance Continued Claims
The COVID-19 pandemic continued to impact the labor market to close 2020. Friday's release from the Bureau of Labor Statistics showed that faster layoffs led to a loss of 140,000 jobs in December and kept the headline unemployment rate (U-3) at 6.7 percent.
