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.
Tag: Mike Fratantoni
#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.
#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.
MBA Weekly Survey Apr. 5, 2023: Applications Fall for First Time in 5 Weeks
Mortgage applications fell for the first time in five weeks, despite another drop in interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Apr. 5.
MBA Weekly Survey Apr. 5, 2023: Applications Fall for First Time in 5 Weeks
Mortgage applications fell for the first time in five weeks, despite another drop in interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Apr. 5.
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market on Wednesday raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.
Strong February Job Growth Muddies Fed Outlook
Employers added 311,000 jobs in February, the Bureau of Labor Statistics reported Friday—good news for the labor market but complicating news for the Federal Reserve, which faces the daunting task next week of encouraging economic growth while taming inflation.
Jobs Report: Initial Claims Jump to 5-Week High
Initial claims for unemployment insurance jumped last week at the fastest pace in five months, with total claims reaching their highest level since December, the Labor Department reported Thursday.
Jobs Reports: Private-Sector Employment Up 242,000; Job Openings Under 11 Million
In the first two of four major jobs reports this week, ADP, Roseland, N.J., said February private-sector employment increased by 242,000, while the Bureau of Labor Statistics reported job openings fell under 11 million.
(#MBAServicing23) Market Outlook: A Few Hurdles Ahead
ORLANDO—The mortgage servicing industry has seen a lot of volatility lately—and that’s not likely to ease up any time soon, said Mortgage Bankers Association economists.