NMP - September 2016 - 61

fourth time in five months that fewer average hourly earnings for Your turn people were working in this industry, construction jobs was up 2.8 National Mortgage Professional percent over the past year to according to data from the Magazine invites you to submit any $28.22 in August, nearly 10 Associated General Contractors of information on regulatory changes, percent higher than the increase America. However, construction legislative updates, human interest for all nonfarm jobs. employment and the average hourly stories or any other newsworthy New Data Reaffirms Stronger The residential construction earnings for workers in this industry items pertaining to the mortgage Mortgage Quality sector added 11,000 jobs in recorded year-over-year gains. industry to the attention of: Construction employment totaled August to reach 132,000 employment opportunities, 5.4 6.64 million in August, which was NMP News Flash column percent higher than a year ago. 6,000 below July's level but an Phone #: (516) 409-5555 Alas, nonresidential construction increase of 199,000, or 3.1 percent, E-mail: from August 2015. Furthermore, the created the drag for August by newsroom@nmpmediacorp.com losing 17,000 jobs for the month. increase in construction Home loan quality is continuing its Yet last month's nonresidential employment was nearly twice as Note: Submissions sent via e-mail winning streak, according to the construction jobs had 67,000 more are preferred. The deadline for latest Loan Application Defect Index great as the 1.7 percent increase for employees compared to August total nonfarm payroll employment submissions is the 1st of the report issued by First American 2015, a 1.7 percent increase. during the same period. And the month prior to the target issue. Financial Corporation. During July, First American's Loan Application Defect Index dropped by 2.8 percent from June and plummeted 16.7 percent when compared with July 2015. The Defect Index for refinance transactions dipped 1.7 percent on a month-over-month basis and fell 18.1 percent on a year-over-year measurement. And the Defect Index EASILY SHAREABLE CONTENT BARRY HABIB- for purchase transactions declined With a touch of a button memTHE ORIGINATOR OF THE MARKET ADVISORY SERVICE 1.3 percent month-over-month while bers are able to share charts Daily guidance and insights from Mortsliding 13.2 percent year-over-year. showing the latest economic gage Market expert Barry Habib. He closed Among the states, Maine and and housing data. over $2 Billion in production as a Loan North Dakota experienced doublecalled the bottom of the HousOriginator, digit year-over-year increases in ing Market and currently provides sales defect frequency with 16.7 percent and market training to thousands of Loan Originators across REAL ESTATE DATA & INSIDER CONTENT and 11.9 percent, respectively. The five states with the highest yearShow the housing opportunity in the country. over-year decrease in defect your local market to customers frequency were: Michigan (-33 and real estate agents. We will STATE OF THE ART, USER FRIENDLY WEBSITE percent), Florida (-24.5 percent), New provide you with affordability We've taken great pride in Mexico (-21 percent), Connecticut (levels, appreciation, resale volbuilding a website that uses 20.9 percent), and New Hampshire (ume, new construction, and job new technology, and enhances 20.3 percent). The only market with a the user experience. No matter growth...updated monthly and easily shared. There is also year-over-year increase in defect where you are on our site, additional content from Art Cashin, Kiplinger letters, and frequency was St. Louis (up 4.1 you'll always have market data in sight. Never miss a lock much more. percent), while Detroit had the alert with our real time market news and alert system. highest year-over-year decrease with a 37 percent drop. MOBILE WEB APP "The benefits in compliant loan Always stay in touch with the production processes are becoming market when on the go with more clearly evident, particularly for our Mobile Web App. It's fast refinance transactions, in the big and easy to use. Whether you l Bond Quotes declines we are observing in loan have an iPhone, Android, l Daily Video and Transcript application and mortgage defect Blackberry, Windows Phone, you'll always have access to l Interactive Charts risk," said Mark Fleming, chief MBS Highway. No downloads, no annoying updates, just economist at First American. visit m.mbshighway.com in your phone or tablet's browser. l Lock/Float Advice "Refinance activity, fueled by l SMS Updates historically low mortgage rates, l Real Time Market News CALCULATORS AND TOOLS combined with improved loan Powerful and unique calcula- l Cashin's Corner manufacturing processes are tors to help you when pre- l The Kiplinger Letters resulting in higher quality loan senting to customers. Buy vs. l Real Estate Market Data applications with the lowest level of Rent, ARM vs. Fixed, Paying defects and misrepresentation that Points, and Amortization cal- l By The Number$ we have seen in recent history." l MBS TrendTRAKR and Marcus Lacy; Will, George, and Henry Knight; Eva, Charlotte, and Anna Lacy; and Nathaniel, Owen, and Elliott Meyer. Why choose MBS Highway? l Social Share Try it FREE for 14 days at MBSHighway.com/MNN Construction employment levels were down in August, marking the n National Mortgage Professional Magazine n SEPTEMBER 2016 Construction Employment Down in August culator are a few examples. You can save and share the results to beat your competition. NationalMortgageProfessional.com What you're getting with your MBS Highway trial 61 http://www.NationalMortgageProfessional.com http://m.mbshighway.com http://www.MBSHighway.com/MNN

Table of Contents for the Digital Edition of NMP - September 2016

Table of Contents
NMP - September 2016 - Cover1
NMP - September 2016 - Cover2
NMP - September 2016 - 1
NMP - September 2016 - Table of Contents
NMP - September 2016 - 3
NMP - September 2016 - 4
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NMP - September 2016 - Cover3
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