Initial Claims Drop Under 500K
Initial claims for unemployment insurance fell to under 500,000 for the first time in more than a year, a further indication ahead of this morning’s employment report that the nation’s economic recovery—and rapid jobs creation—continue to gain steam.
Mortgage Loan Compensation Report Shows Increase in Commissions Despite Drop in BPs Paid
LBA Ware, Macon, Ga., said its analysis of first quarter mortgage industry loan compensation showed increases in year-over-year refinance and purchase loan volume contributed to higher overall commissions for loan originators and loan processors despite a slight decline in basis points paid per loan.
International Investors Targeting Smaller U.S. Cities
International investors feel increasingly optimistic about U.S. commercial real estate, sparking increased interest in secondary and tertiary markets, said the Association of Foreign Investment in Real Estate, Washington, D.C.
RIHA: Less Than 10% of Homeowners, Renters Have Missed Multiple Payments During Pandemic
Slightly under five million households did not make their rent or mortgage payments in March, an improvement from December 2020 and the lowest number since the onset of the COVID-19 pandemic, new research from the Mortgage Bankers Association's Research Institute for Housing America reported.
Industry Briefs May 7, 2021
Freddie Mac, McLean, Va., and Fannie Mae announced new refinancing options aimed at helping lower-income homeowners.
