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.
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.
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.
ATTOM, Irvine, Calif., said profit margins on median-priced single-family home and condo sales jumped to 47.6 percent--the highest level since Great Recession ended a decade ago.