The recent increase in the adjustable-rate mortgage share of applications has caught the attention of market participants and the media. The ARM share has increased from 3.1 percent in the first week of January to 10.3 percent as of the week ending May 13, peaking at 10.8 percent the week prior.
Category: News and Trends
Chris Joles of Planet Home Lending: How Should Mortgage Bankers Measure Climate Risk?
Whether or not you personally believe climate change exists, the White House, federal regulators, states and even other countries are clearly signaling that mortgage companies need to measure climate risks.
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“Many buyers are facing the harsh reality that they can’t afford to buy in the neighborhood they really want. In some cases, buyers are deciding to move out of the most challenging markets.”
–Bankrate Chief Financial Analyst Greg McBride.
Today: Advocating for the Most Important Person in the Room – You! An mPower Webinar
mPower presents a webinar, Advocating for the Most Important Person in the Room – You!, today, May 24 from 3:00-4:00 p.m. ET.
Initial Claims Rise for 2nd Straight Week
Initial claims for unemployment insurance rose for the second straight week, the Labor Department reported Thursday.
MBA Advocacy Update May 23, 2022
On Wednesday, MBA Vice Chair Mark Jones testified before the House Veterans’ Affairs Subcommittee on Economic Opportunity in support of bicameral VA appraisal modernization legislation introduced by Rep. Mike Bost, R-Ill., and Sen. Dan Sullivan, R-Alaska.
MBA Chart of the Week May 20, 2022: ARM Loan Trends
The recent increase in the adjustable-rate mortgage share of applications has caught the attention of market participants and the media. The ARM share has increased from 3.1 percent in the first week of January to 10.3 percent as of the week ending May 13, peaking at 10.8 percent the week prior.
Retail Comeback Continues with Soaring Rent Growth
Retail’s journey from underdog to a favored asset class continues, reported JLL, Chicago.
Industry Briefs May 23, 2022: Narrow Gauge Capital Acquires Inco-Check LLC
Inco-Check LLC, Boston, announced Narrow Gauge Capital completed acquisition of a majority interest in the company.
MBA Single-Family Research and Economics Showcase June 22-23
The Mortgage Bankers Association’s Single-Family Research and Economics Showcase takes place online June 22-23.