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79 August 2025 J O U R N A L themortgagepoint.com August 2025 » The State of Employment • Median one-year-ahead earnings growth expectations fell by 0.2 percentage point to 2.5% in June, re- maining below its 12-month trailing average of 2.8%. The series has been moving within the range between 2.5% and 3.0% since May 2021. • Mean unemployment expecta- tions—or the mean probability that the U.S. unemployment rate will be higher one year from now—de- creased by 1.1 percentage points to 39.7%. The series remains above its 12-month trailing average of 37.9%. • The mean perceived probability of losing one's job in the next 12 months decreased by 0.8 percentage points to 14.0%, its lowest level since December 2024. The decrease was broad-based across age and educa- tion groups. The mean probability of leaving one's job voluntarily in the next 12 months increased by 0.5 per- centage points to 18.8%, remaining below its 12-month trailing average of 19.3%. • The mean perceived probability of finding a job if one's current job were lost decreased by 1.1 percentage points to 49.6%. The series remains well below its 12-month trailing average of 52.1%. The Bureau of Labor Statistics (BLS) found in its June employment report that the U.S. economy added 147,000 jobs, exceeding economists' expectations of around 110,000. The unemployment rate remained steady at 4.1%. "While the June pop in jobs, com- bined with upward revisions to March and April reports, signal hiring has stabi- lized following a sluggish start to 2025, it means July will be a dud, with a Fed rate cut unlikely and dropping the odds for a move in September," First American Senior Economist Sam Williamson said. Mortgage Bankers Association (MBA) SVP and Chief Economist Mike Fratan- toni added: "The unemployment rate dropped back to 4.1%, but this was the re- sult of more individuals leaving the labor force rather than gaining employment, as the labor force participation rate dropped again. Wage growth slowed again in June to a 3.7% rate over the last 12 months. Taken together, these data indicate a job market that is holding up reasonably well given the uncertainties facing this economy. While there are certainly some signs of softening in the private sector, the report is likely to keep the Federal Reserve on hold for now. MBA is still forecasting two cuts from the Fed this year." The SCE contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. It also provides insight into Americans' views about job prospects and earnings growth and their expectations about future spending and access to credit. The SCE also provides measures of uncertainty regarding consumers' outlooks. Expectations are also available by age, geography, income, education, and numeracy. FINDING A POSITIVE PATH FORWARD MORTGAGE LENDERS: THREE WAYS TO BREAK THE HIRING-LAYOFFS CYCLE Tactfully navigating changes in the mortgage marketplace can make or break a company, and Tim Von Kaenel of CI&T provides three keys to better position yourself when the market pivots. IN A CHALLENGING MARKET, HOME EQUITY INVESTMENTS OWN THE SPOTLIGHT In order for HEIs to realize their full potential, it will take the expertise and resources of multiple industry stakeholders. BUILDING REFERRAL RELATIONSHIPS FOR MORE CONSISTENT BUSINESS Veteran mortgage sales trainer and coach Ron Vaimberg shares with MortgagePoint the coaching tips and strategies necessary to establish and foster enduring relationships in the mortgage marketplace. HOW INVESTORS CAN THRIVE IN CRE AMID CHALLENGING MARKET CONDITIONS Derrick Barker of Nectar discusses the state of the commercial real estate sector, and steps that investors can take in order to weather market volatility. IN THIS ISSUE Amid political controversy and budgetary cutbacks, experts discuss diversity, equity, and inclusion strategies' role in today's marketplace as both the American homeownership landscape and workforce continue to diversify and undergo significant demographic shifts. Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS MAY 2024 Magazine Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS JULY 2024 Magazine White House Main Street America TO FROM THE As the November elections near, what ripple effects will the next Administration have on the housing industry? MortgagePoint gathered a panel of experts to dig deeper into the impact of the Presidential Elections and potential changes in the White House. FEATURE STORY THE BEST SOLUTION IS NOT ALWAYS THE SHINY NEW TOY While it can be debated as to how much default and foreclosure activity lies ahead, default servicers must carefully examine their tech systems to keep ahead of the curve. FEATURE STORY DRIVING GROWTH: LEVERAGING HOME EQUITY TO EXPAND LOAN OFFICER OPPORTUNITIES In a tight market, LOs seeking to diversify their product offerings are turning to home equity offerings to expand their role and become a financial guide for life. COUNSEL'S CORNER FACING THE FORECLOSURE AND BANKRUPTCY CHALLENGES OF TODAY Robert S. Kahane, a foreclosure and bankruptcy attorney with more than 30 years under his belt, discusses current compliance issues related to loan servicing process enhancements. EXPERT INSIGHTS TONY JULIANELLE, CEO OF REAL ATLAS ESTATE discusses current market trends and the forces that will shape the landscape in the industry. ALSO IN THIS ISSUE: Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS AUGUST 2024 Magazine The Burden of Proof MortgagePoint profiles Bron, Inc., a company that has carved out a unique niche with a focus crucial but often-overlooked tasks such as managing registrations, utilities, and HOA verifications. TO YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS LEAVING ITS MARK ON THE INDUSTRY THE 2024 FIVE STAR CONFERENCE SEPTEMBER 24-26, 2024 DALLAS, TEXAS OCTBER 2024 Magazine EXPERT INSIGHTS DUTCH MENDENHALL Founder of RADD Companies YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS NOVEMBER 2024 Magazine Industry Leaders on What's Ahead MortgagePoint speaks with servicing executives about the current state of the industry, the challenges they are currently navigating, and what they expect for the year ahead. PUTTING OUR FOCUS ON THE BORROWER'S EXPERIENCE While technology is upgraded and elevated in the mortgage space, nothing can replace the deep understanding of a borrower's needs that only a lender can have. HOW DIGITAL TECHNOLOGY HELPS KEEP THE AMERICAN DREAM ALIVE FOR MILITARY BORROWERS TAKING THE PULSE OF MORTGAGE SERVICING FINDING A POSITIVE PATH FORWARD MORTGAGE LENDERS: THREE WAYS TO BREAK THE HIRING-LAYOFFS CYCLE Tactfully navigating changes in the mortgage marketplace can make or break a company, and Tim Von Kaenel of CI&T provides three keys to better position yourself when the market pivots. IN A CHALLENGING MARKET, HOME EQUITY INVESTMENTS OWN THE SPOTLIGHT In order for HEIs to realize their full potential, it will take the expertise and resources of multiple industry stakeholders. BUILDING REFERRAL RELATIONSHIPS FOR MORE CONSISTENT BUSINESS Veteran mortgage sales trainer and coach Ron Vaimberg shares with MortgagePoint the coaching tips and strategies necessary to establish and foster enduring relationships in the mortgage marketplace. HOW INVESTORS CAN THRIVE IN CRE AMID CHALLENGING MARKET CONDITIONS Derrick Barker of Nectar discusses the state of the commercial real estate sector, and steps that investors can take in order to weather market volatility. IN THIS ISSUE Amid political controversy and budgetary cutbacks, experts discuss diversity, equity, and inclusion strategies' role in today's marketplace as both the American homeownership landscape and workforce continue to diversify and undergo significant demographic shifts. Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS MAY 2024 Magazine Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS JULY 2024 Magazine White House Main Street America TO FROM THE As the November elections near, what ripple effects will the next Administration have on the housing industry? MortgagePoint gathered a panel of experts to dig deeper into the impact of the Presidential Elections and potential changes in the White House. FEATURE STORY THE BEST SOLUTION IS NOT ALWAYS THE SHINY NEW TOY While it can be debated as to how much default and foreclosure activity lies ahead, default servicers must carefully examine their tech systems to keep ahead of the curve. FEATURE STORY DRIVING GROWTH: LEVERAGING HOME EQUITY TO EXPAND LOAN OFFICER OPPORTUNITIES In a tight market, LOs seeking to diversify their product offerings are turning to home equity offerings to expand their role and become a financial guide for life. COUNSEL'S CORNER FACING THE FORECLOSURE AND BANKRUPTCY CHALLENGES OF TODAY Robert S. Kahane, a foreclosure and bankruptcy attorney with more than 30 years under his belt, discusses current compliance issues related to loan servicing process enhancements. EXPERT INSIGHTS TONY JULIANELLE, CEO OF REAL ATLAS ESTATE discusses current market trends and the forces that will shape the landscape in the industry. ALSO IN THIS ISSUE: Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS AUGUST 2024 Magazine The Burden of Proof MortgagePoint profiles Bron, Inc., a company that has carved out a unique niche with a focus crucial but often-overlooked tasks such as managing registrations, utilities, and HOA verifications. TO YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS LEAVING ITS MARK ON THE INDUSTRY THE 2024 FIVE STAR CONFERENCE SEPTEMBER 24-26, 2024 DALLAS, TEXAS OCTBER 2024 Magazine EXPERT INSIGHTS DUTCH MENDENHALL Founder of RADD Companies YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS NOVEMBER 2024 Magazine Industry Leaders on What's Ahead MortgagePoint speaks with servicing executives about the current state of the industry, the challenges they are currently navigating, and what they expect for the year ahead. PUTTING OUR FOCUS ON THE BORROWER'S EXPERIENCE While technology is upgraded and elevated in the mortgage space, nothing can replace the deep understanding of a borrower's needs that only a lender can have. HOW DIGITAL TECHNOLOGY HELPS KEEP THE AMERICAN DREAM ALIVE FOR MILITARY BORROWERS TAKING THE PULSE OF MORTGAGE SERVICING Subscribe to MortgagePoint and MortgagePoint Digital now! Experts you trust. People you know. News you want. MortgagePoint is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MortgagePoint Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MortgagePoint believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Magazine