HousingWire

• How can brokers get ahead in a tight market? May 19, 2022
  HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. The post How can brokers get ahead in a tight market? appeared first on HousingWire.
• The housing industry will soon be up in ARMs May 19, 2022
  Adjustable-rate mortgages (ARMs), and non-QM loan products are expected to become far more popular this year. The post The housing industry will soon be up in ARMs appeared first on HousingWire.
• CHLA and 41 IMBs urge the FHA to cut MI premiums May 19, 2022
  The CHLA sent a letter, signed by 41 IMBs, to the FHA on Wednesday urging the administration to cut mortgage insurance premiums. The post CHLA and 41 IMBs urge the FHA to cut MI premiums appeared first on HousingWire.
• Layoffs, again: Fairway is the latest lender to trim workforce May 19, 2022
  Fairway staff across the country received phone calls last week announcing they were part of a round of layoffs, sources told HousingWire. The post Layoffs, again: Fairway is the latest lender to trim workforce appeared first on HousingWire.
• This savagely unhealthy housing market needs higher rates May 19, 2022
  Existing home sales for April came in at 5.61 million, with home-price growth driving a housing market that is still savagely unhealthy. The post This savagely unhealthy housing market needs higher rates appeared first on HousingWire.
• Applications for new homes dropped 14% in April May 19, 2022
  The MBA estimates that about 701,000 new homes were sold in April at a seasonally adjusted annual rate, marking a decline for five consecutive months. The post Applications for new homes dropped 14% in April appeared first on HousingWire.
• Fannie Mae reduces projected 2022 GDP to 1.3% May 19, 2022
  Fannie Mae reduced the 2022 GDP growth rate as the economy slows under the Fed's tightening monetary policy. The post Fannie Mae reduces projected 2022 GDP to 1.3% appeared first on HousingWire.
• Purchase mortgage rates drop to 5.25% as demand wanes May 19, 2022
  Purchase mortgage rates averaged 5.25%, down five basis points from last week, according to the Freddie Mac PMMS. The post Purchase mortgage rates drop to 5.25% as demand wanes appeared first on HousingWire.
• Ocwen names new CFO to navigate challenging market May 18, 2022
  Sean O’Neil is joining Ocwen Financial Corp. as EVP and CFO after positions at Bayview Asset Management and Wells Fargo. The post Ocwen names new CFO to navigate challenging market appeared first on HousingWire.
• John Ryan, voice for state financial regulators, has died May 18, 2022
  John Ryan, the longtime CEO of the Conference of State Bank Supervisors, died unexpectedly Monday. He was 58. The post John Ryan, voice for state financial regulators, has died appeared first on HousingWire.