
MBA Advocacy Update: FHA Updates Guidance on Modernization of Engagement of Borrowers in Default
This week’s top legislative and policy news from the Mortgage Bankers Association.

Jobs Increase by 139,000 in May; Unemployment Remains Flat
Total nonfarm payroll employment increased by 139,000 in May, with the unemployment rate flat at 4.2%, the U.S. Bureau of Labor Statistics reported.

Dealmaker: Greystone Provides $58.6M Freddie Mac Loan for Illinois Multifamily
Greystone, New York, provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Ill.