MBA Advocacy Update May 8, 2023
On Thursday, MBA requested the Consumer Financial Protection Bureau to proceed with rulemaking to amend the early intervention requirements and loss mitigation procedures under Regulation X.
April Employment Beats Expectations
The U.S. economy added 253,000 jobs in April, and the unemployment rate fell again to match a 53-year low, beating analyst expectations, the Bureau of Labor Statistics reported Friday.
Report: Commercial Construction Costs Increase
Commercial real estate construction costs increased nearly 1.4 percent over the previous quarter, reported Rider Levett Bucknall, Phoenix.
MBA Chart of the Week May 5, 2023: Net Production Income by Peer Group
In this week’s MBA Chart of the Week, we look at pre-tax net production income from a different source - the MBA and STRATMOR Peer Group Roundtables Program. This program was started in 1998 along with STRATMOR Group and is our most comprehensive data collection – providing results for both banks and independents, and then further divided by volume and business model.
Dealmaker: Newmark Executes $22.5M Office-to-Apartment Conversion Sale
Newmark, New York, closed $22.5 million to sell City Centre I, a 6.8-acre multifamily redevelopment project at 625 The City Drive South in Orange, Calif.
MBA Home For All Pledge Partner: Equifax Mortgage & Housing
“The Home for All Pledge doubles down on Equifax’s continued commitment to financially inclusive lending and helping to provide the opportunity for people to live their financial best.”
