August 31, 2017
- The second quarter presented a triumph unseen since the first quarter of 2015. The Bureau of Economic Analysis reported a 3% increase in the real gross domestic product. This increase is above the prediction of the industry based upon the first quarter’s 1.4 % increase.
- The Mortgage Bankers Association wants to ensure their candidate, Pam Patenaude, is confirmed as the deputy secretary of the United States Housing and Urban Development federal agency. They believe her confirmation is critical and must occur sooner rather than later. Patenaude’s potential role handles “the day-to-day operations” of the regulatory agency and its lack is causing the country harm.