Skip to main content

Statement by Sen. Bachus on Senate amendments to HR 3221, American Housing Rescue and Foreclosure Prevention Act of 2008

National Mortgage Professional
May 07, 2008

Mortgage job losses leveling off?MortgagePress.comU.S. Bureau of Labor Statistics, mortgage industry employment, Mortgage Bankers Association According to a recent U.S. Bureau of Labor Statistics report, mortgage industry employment appeared to stabilize, standing at 364,100 in February and edging down from 364,800 in January. Mortgage activity, such as refinances and loan workouts, has kept the Mortgage Broker/banker industries busy, cutting the loss of jobs to approximately 700. "Job losses seem to be stabilizing," said Orawin Velz, senior director of economic forecasting for the Mortgage Bankers Association. "That is good news for us." Industry experts continue to predict further declines in employment before the economy begins to turn out of the recession. Velz predicts that refinancing activity will keep the origination numbers strong throughout the first quarter, but will slow in the second quarter as the economic stimulus package takes effect. For more information, visit www.bls.gov.
Published
May 07, 2008
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
Flexibilities Move Forward

Pandemic Priorities Continue To Drive Industry Modernization

Regulation and Compliance
Sep 08, 2021
FHFA And The Enterprises Coordinate Action On Equitable Housing

Today the FHFA is announcing that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to the FHFA by the end of 2021.

Regulation and Compliance
Sep 08, 2021
Realtors Encouraged By Biden Plan to Expand Housing Supply

Administration Said Wednesday It Plans To Add 100,000 Affordable Homes In 3 Years

Regulation and Compliance
Sep 03, 2021
Biden Administration Announces Plan For Affordable Housing

President Biden and his administration firmly believe it is time to intervene in the housing market.

Regulation and Compliance
Sep 01, 2021