Mortgage applications fell again last week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 26.
Tag: Mike Fratantoni
#MBASecondary23: As Fed, Banks Step Away from MBS, New Investors Prepare to Play
NEW YORK–The supply of available mortgage-backed securities for purchase in the private market is expected to increase drastically over the next two years.
#MBASecondary23: For Secondary Markets, a Cautious Economic Outlook
NEW YORK–Mortgage Bankers Association Chief Economist Mike Fratantoni and Nicholas Maciunas, Executive Director with JPMorgan Chase, New York, offered a cautiously optimistic but guarded economic outlook here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo.
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.
Fed Raises Rates; Is That It?
The Federal Open Market Committee on Wednesday, as expected, raised the federal funds rate by another 25 basis points to its highest level since July 2007. And while it hinted this might be the final increase for a while, it left open the door for more action should economic conditions warrant.
MBA Research Roundup May 2023
Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry. For more information regarding MBA Research products, click on the headline.
MBA Weekly Applications Survey Apr. 12: Applications Increase
Mortgage applications increased 5.3 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 7, 2023.
Employment Show Signs of Slowing
Total nonfarm payroll employment rose by 236,000 in March, the Bureau of Labor Statistics reported Friday—the smallest increase in more than two years, but enough to push the unemployment rate down to 3.5 percent.
#MBATech23: Challenging Economic Conditions Persist
SAN JOSE, Calif.—After several years of extraordinary—and unexpected—mortgage performance despite the coronavirus pandemic, 2023 is a decidedly different—and less desirable—business environment, said MBA economists.
#MBATech23: Technology Investors Stress Patience
SAN JOSE, Calif.—The mortgage industry wants innovation; tech innovation requires capital. Wall Street investors have unique perspectives on the mortgage industry—and the technology that should support it.