Over the past three months, the pace of job gains has slowed from the rapid recovery seen over the summer. Similarly, the unemployment rate continues to decline, but at a more gradual pace.
Tag: Mike Fratantoni
MBA Chart of the Week: Number of Unemployed Workers By Duration of Unemployment
Over the past three months, the pace of job gains has slowed from the rapid recovery seen over the summer. Similarly, the unemployment rate continues to decline, but at a more gradual pace.
MBA: Share of Loans in Forbearance Flat at 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance remained unchanged from the prior week at 5.54% as of November 29. MBA estimates 2.8 million homeowners are in forbearance plans.
Longtime Industry Executive, Advisor Gene Spencer Passes Away
Gene Spencer, who spent 28 years at Fannie Mae and 10 years with the Homeownership Preservation Foundation and who served in a number of advisory capacities with the Mortgage Bankers Association and other industry organizations, passed away on Nov. 30 in Gloucester Point, Va.
MBA: Share of Loans in Forbearance Flat at 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance remained unchanged from the prior week at 5.54% as of November 29. MBA estimates 2.8 million homeowners are in forbearance plans.
Job Growth Slows Heading into Uncertain Winter
Total nonfarm payroll employment growth slowed to 245,000 in November, the Bureau of Labor Statistics reported Friday, with nearly 10 million fewer jobs currently compared to a year ago.
ADP: November Sees 307,000 New Private-Sector Jobs
Ahead of this morning’s weekly Initial Claims report by the Labor Department and Friday’s Employment report by the Bureau of Labor Statistics, ADP, Roseland, N.J., said private-sector employment increased by 307,000 jobs from October to November.
MBA: Share of Mortgage Loans in Forbearance Increases to 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.54% of servicers’ portfolio volume as of November 22, 2020 from 5.48% the prior week. MBA estimates 2.8 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Increases to 5.54%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.54% of servicers’ portfolio volume as of November 22, 2020 from 5.48% the prior week. MBA estimates 2.8 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Edges Up to 5.48%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.48% of mortgage servicers’ portfolio volume as of November 15, from 5.47% the week before. MBA estimates 2.7 million homeowners are in forbearance plans.