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.
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.
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.
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.
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.
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.