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.
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.
Good morning and happy Monday! We have one more week until the Memorial Day holiday, but there’s plenty going on ahead of it. Here’s a rundown of what’s happening this week:
Retail’s journey from underdog to a favored asset class continues, reported JLL, Chicago.