“Compared to a year ago, the price of everything from filling a gas tank to buying a carton of eggs has increased due to inflation. Since wages of many consumers have not kept up with inflation, people are spending more to get less. However, there are several positives to note, including low unemployment, lenders increasing access to credit and strong consumer performance. These are all indications that consumers are well positioned as the economy continues to find its footing from the financial volatility of the pandemic.” --Michele Raneri, vice president of research and consulting with TransUnion, Chicago.

NEW YORK—Good morning and happy Monday! MBA NewsLink and MBA Servicing NewsLink are coming to you this week here at the Mortgage Bankers Association’s Secondary and Capital Markets Conference & Expo at the Marriott Marquis in Times Square.