115,000 Jobs Added in April; Industry Economists Share Thoughts
The Bureau of Labor Statistics May 8 released employment data for April, reporting 115,000 jobs were added and the unemployment rate was unchanged at 4.3%.
MAA Call to Action: Urge the House to Repair the Senate Housing Bill
The Mortgage Bankers Association Mortgage Action Alliance has released a Call to Action, encouraging members to contact their House representative and urge them to correct four concerning sections in the Senate-passed ROAD to Housing Act.
Veterans United: Misconceptions May Stymie Homebuying
Veterans United, Columbia, Mo., released a new survey, finding that misconceptions about credit scores, down payments and mortgage rates are widespread and may be barriers to homebuying and ownership.
MISMO Releases BPM+ Reference Model Toolkit to Accelerate Standards‑Based Process and Decision Modeling
MISMO, the real estate finance industry’s standards organization, announced the release of the MISMO BPM+ Reference Model Toolkit, a new resource that helps organizations model mortgage processes, decisions, and data using industry‑standard BPM+ methods aligned with MISMO standards.
Report Finds Typical Homeowner Spends Nearly $24,000 Annually on Housing Beyond Mortgage
The typical homeowner spends nearly $24,000 per year on non-mortgage housing expenses, which adds up to roughly $710,580 over a 30-year mortgage, according to a new report from Clever Real Estate, St. Louis.
Chart of the Week: Monthly Payroll Growth and Unemployment Rates
Based on April’s employment report from the Bureau of Labor Statistics, there was some positive news on the job market for April, with the unemployment rate steady at 4.3%, employment growth at a solid 115,000, and wage growth picking up to 3.6% at an annual rate.
