MBA Advocacy Update June 5, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA Chart of the Week June 5: Commercial and Multifamily Delinquency Rates Among Capital Sources
Ongoing stress caused by higher interest rates, uncertainty around property values and questions about fundamentals in some property markets are beginning to show up in commercial mortgage delinquency rates.
U.S. Adds 339,000 Jobs in May
The Bureau of Labor Statistics said total nonfarm payroll employment was up by 339,000 in May, while the unemployment rate ticked up by 0.3 percentage point to 3.7%.
MBA Launches Upgraded CONVERGENCE Site
The Mortgage Bankers Association announced a revamped version of the CONVERGENCE section of its website, aiming to benefit its members and a broader audience.
