MBA: 3Q Commercial/Multifamily Borrowing Jumps Nearly 120% Year over Year
Commercial and multifamily mortgage loan originations increased by 119 percent in the third quarter from a year ago and increased by 19 percent from the second quarter, the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations reported.
MBA, Trade Groups Urge Congress to Reject OECD Marginal Rates in Proposed Legislative Framework
As the House and Senate near what appears to be the end of a long and contentious inter- and intraparty debate over an economic stimulus package, the Mortgage Bankers Association joined nearly 100 other trade associations and policy groups to oppose a provision they say would unfairly tax family-owned businesses.
Fed Makes Tapering Official; Signals Higher Rates in the Offing
The Federal Open Market Committee—which takes pains to not rock the economic boat—announced yesterday what most analysts already anticipated: that it would begin to taper its asset purchases, while gently signaling a rise in short-term interest rates in the near future.
Jobs Reports: October Private-Sector Employment Up by 571,000; the ‘Great Resignation’ Effect on Commercial Estate
In the first of several major reports this week on U.S. employment, ADP, Roseland, N.J., said private-sector employment increased by 571,000 jobs from September to October.
