Last Friday, President Biden’s full fiscal year 2022 budget proposal was released, along with the Treasury Department’s “Green Book” itemizing the revenue implications of various tax proposals.
Total nonfarm payroll employment rose by 559,000 in May, the Bureau of Labor Statistics reported Friday—up substantially from May’s tepid numbers but still below consensus expectations, as hiring slowly recovers from the coronavirus pandemic.
Black Knight, Jacksonville, Fla., said persistent constraints in for-sale inventory drove home prices up a record-breaking 14.8 percent in April, making housing the least affordable since 2018.
Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined again in May, posting its biggest drop in three months.
MBA Research recently wrapped up its annual Servicing Operations Study, a deep dive analysis of servicing costs, productivity, portfolio activity and operational metrics for in-house servicers. In this week’s chart, we show 2020 direct servicing costs allocated by functional area.