Despite Quarterly Decline, IMB Production Profits Post Record 1st Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $3,361 on each loan they originated in the first quarter, down from $3,738 per loan in the fourth quarter but still the highest first-quarter net gain in the history of the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
FHFA, GSEs Extend COVID-19 Multifamily Forbearance through Sept. 30
The Federal Housing Finance Agency on Thursday said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30.
Initial Claims Down 35% Since April
Initial claims for unemployment insurance fell by another 20,000 last week, the Labor Department reported Thursday, the fifth consecutive weekly drop to the lowest level since March 2020.
Net-Lease Investment Approaches Pre-Pandemic Levels
Investment in U.S. net-lease properties approached pre-pandemic levels in the first quarter, reported CBRE, Dallas.
MBA, Trade Groups File Amicus Brief in Fair Debt Collections Court Case
The Mortgage Bankers Association and six other industry trade groups filed an amicus brief this week in a court case that could have profound consequences on mortgage debt collection processes.
