Employers added an impressive 379,000 jobs last month, the Bureau of Labor Statistics reported Friday, welcome news for an economy still struggling with the loss of millions of jobs resulting from the coronavirus pandemic.
Tag: Mike Fratantoni
ADP: February Private-Sector Employment Up 117,000
Ahead of this Friday’s employment report from the Bureau of Labor Statistics and this morning’s weekly initial claims for unemployment insurance report from the Labor Department, ADP, Roseland, N.J., said private-sector employment increased by 117,000 jobs from January to February.
MBA: Share of Mortgage Loans in Forbearance Inches Up
For the first time in five weeks, loans in forbearance increased, albeit ever so slightly, the Mortgage Bankers Association reported yesterday.
MBA: Share of Mortgage Loans in Forbearance Inches Up
For the first time in five weeks, loans in forbearance increased, albeit ever so slightly, the Mortgage Bankers Association reported yesterday.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
MBA: Share of Mortgage Loans in Forbearance Declines to 5.22%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 5.22% of servicers’ portfolio volume as of Feb. 14 compared to 5.29% the prior week. MBA estimates 2.6 million homeowners remain in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Declines to 5.22%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 5.22% of servicers’ portfolio volume as of Feb. 14 compared to 5.29% the prior week. MBA estimates 2.6 million homeowners remain in forbearance plans.
MBA: Loans in Forbearance Fall to 10-Month Low
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 5.29% of servicers’ portfolio volume as of Feb. 7–the lowest percentage in more than 10 months.
MBA: Loans in Forbearance Fall to 10-Month Low
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 5.29% of servicers’ portfolio volume as of Feb. 7–the lowest percentage in more than 10 months.