Tag Archives: Unemployment

While the unemployment rate remains above 13%, home building added more than 260,000 jobs in May.

Delinquencies recorded its highest monthly gain during a period where more than 30 million people are claiming benefits.

Claims experienced a slight decline from the previous week, but here's why unemployment insurance data remains "difficult to interpret" amid rising delinquency numbers.

With unemployment at record levels, many need to put off mortgage payments through forbearance. However, can unemployment numbers predict the number of homeowners taking advantage of these programs? 

Here's why Doug Duncan, Chief Economist at Fannie Mae, called the latest unemployment data "difficult to interpret."

Recent data indicates that mortgages could fall into delinquency if the relationship between unemployment and delinquency follows a similar pattern as the Great Recession. 

Adding to industry concerns such as servicer liquidity in the face of likely widespread forbearance needs and foreclosure moratoriums, this week's jobless claims include a blow to the housing sector workforce

Despite programs to assist homeowners impacted by COVID-19, an economist said there will be an “extended period” of rising defaults.

Doug Duncan, Chief Economist at Fannie Mae, notes that the increase indicates an expected rise in household financial stress.

With the latest Bureau of Labor Statistics report released, find out how the industry is reacting to a downtick in new employment.