Good morning! Even though it’s summer, things stay busy in Washington—and with the Mortgage Bankers Association.
Tag: Jerome Powell
The Week Ahead—June 21, 2021
MBA releases its weekly Forbearance & Call Volume Survey today. The survey has shown drops in loans in forbearance for 15 consecutive weeks and is threatening to show loans in forbearance falling under 4 percent for the first time in more than a year.
Fed Statement Cites Ongoing Risks to Growing Economy
The Federal Open Market Committee yesterday, to no one’s surprise, left the federal funds rate unchanged at 0-0.25%. But analysts, including Mortgage Bankers Association Chief Economist Mike Fratantoni, were more interested in what the FOMC had to say about economic conditions and rising inflation.
The Week Ahead—Mar. 15, 2021
Capitol Hill is busy again this week. On Tuesday, Mar. 23, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell visit (virtually) the House Financial Services Committee for a hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.
CRE Executives Cite Economic Cycle as Top Concern
Shuttered and restaurants and well-meant extension of tenant and borrower protections rank as real estate executives’ top concerns, reported law firm Seyfarth, Chicago.
The Week Ahead—Feb. 22, 2021
Good morning! It’s one month until spring—hang in there, Texas. Compared to recent events here in Washington, this week promises to be somewhat quieter. Or perhaps not.
Fed Sends ‘Loud and Clear’ Message on Low Rates
There were no real surprises coming out of yesterday’s Federal Open Market Committee meeting—there haven’t been for months, now—but according to Mortgage Bankers Association Chief Economist Mike Fratantoni, the message it sent was loud and clear.
FOMC Headline HERE
FOMC lede sentence HERE
The Week Ahead
Good morning! By this coming weekend, the strangest spring in memory will give way to…probably the strangest summer in memory.
Groundswell of Support Builds for Federal Liquidity Facility
Pete Mills, MBA Senior Vice President of Residential Policy and Member Engagement, said the groundswell is sending a strong message to regulators.