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.
Tag: Mike Fratantoni
MBA Weekly Survey Feb. 22, 2023: Mortgage Applications Decrease
Mortgage applications decreased 13.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 17, 2023.
#MBACREF23: Ferguson Sees Mild(er) Recession Ahead
SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.
#MBACREF23: Ferguson Sees Mild(er) Recession Ahead
SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.
MBA Advocacy Update Feb. 6 2023
On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.
January Jobs Report Smashes Expectations
The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.
Initial Claims Fall to 9-Month Low
In the third of four major jobs reports this week, initial claims for unemployment insurance fell to their lowest level since last April, the Labor Department reported Thursday.
Fed Raises Funds Rate 25 Basis Points
The Federal Open Market Committee telegraphed its intentions weeks ago; on Wednesday, to no one’s surprise, it raised the federal funds rate by 25 basis points.
January Employment Data Mixed
The first two of four major employment reports this week offered a mixed bag of data, reflecting the current volatility in the U.S. jobs market.
(IMB23) The Mortgage Market: IMB Leaders’ Perspectives
CORONADO, Calif.—With a volatile economic outlook, how are the practitioners—the independent mortgage bankers—approaching 2023 and beyond?