Servicing Quote Tuesday, July 9, 2024

“Inflation data showing more reductions for the next couple of months will be the most important evidence that the Federal Reserve needs to cut rates in September.” 
–MBA SVP and Chief Economist Mike Fratantoni

U.S. Economy Adds 206,000 to Payroll in June

Total nonfarm payroll employment was up by 206,000 in June, and the unemployment rate was at 4.1%, per the U.S. Bureau of Labor Statistics.

Servicing Quote Tuesday, July 2, 2024

“A core focus of MBA’s advocacy is educating policymakers on the exhaustive change management practices servicers must make to implement new policies.” 
–MBA President & CEO Bob Broeksmit, CMB