The pace of economic growth, as measured by gross domestic product in the first quarter, picked up to a 6.4 percent annualized rate – the biggest first-quarter increase since 1984. We expect that pace to accelerate further over the next 6 months, as households unleash the pent-up demand for a range of goods and services.
Tag: Mike Fratantoni
1Q GDP Report Shows Accelerating Economy
Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter—the fastest such pace in more than 36 years—according to the first (advance) estimate released by the Bureau of Economic Analysis.
The Week Ahead—May 3, 2021
The Mortgage Bankers Association’s National Advocacy Conference is a little more than a week away. Offered through MBA LIVE, this is the largest advocacy event of the year focused solely on the issues facing you and the real estate finance industry.
1Q GDP Report Shows Accelerating Economy
Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter—the fastest such pace in more than 36 years—according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.
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.
MBA: Share of Mortgage Loans in Forbearance Dips to 4.49%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed little movement from the previous week. MBA said loans now in forbearance decreased by 1 basis point to 4.49% of servicers’ portfolio volume as of Apr 18 from 4.50% the prior week.
MBA: Share of Mortgage Loans in Forbearance Dips to 4.49%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed little movement from the previous week. MBA said loans now in forbearance decreased by 1 basis point to 4.49% of servicers’ portfolio volume as of Apr 18 from 4.50% the prior week.
#MBASPRING21: MBA Forecasts 2021 Purchase Originations on Pace to Record $1.67 Trillion
The Mortgage Bankers Association’s updated Economic Forecast projects 2021 purchase originations are on track to grow by 16.4% to a record $1.67 trillion.
#MBASPRING21: MBA Forecasts 2021 Purchase Originations on Pace to Record $1.67 Trillion
The Mortgage Bankers Association’s updated Economic Forecast projects 2021 purchase originations are on track to grow by 16.4% to a record $1.67 trillion.
MBA: Share of Mortgage Loans in Forbearance Decreases to 4.50%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 16 basis points to 4.5% of servicers’ portfolio volume as of Apr. 11 from 4.66% the prior week. MBA estimates 2.3 million homeowners are in forbearance plans.