Morning Roundup (3/16/2022)– Loan Applications, NAHREP Chair

Good Morning! Today is Wednesday, March 16. Two journalists working for Fox News were killed when their vehicle came under fire outside Kyiv. Pfizer asked federal regulators to authorize a second booster shot for adults 65 and older. The Senate passed a bill to make daylight saving time permanent.

The Mortgage Note Reports

New Chair: JPMorgan Chase’s Cerita Battles has been appointed chair of NAHREP’s 2022 Corporate Board of Governors.

Loans Down: Mortgage loan application volume fell 1.2% last week, with refis down for both conventional and government loans.

And in other mortgage and housing news…

Ginnie EVP: Ginnie Mae President Alanna McCargo announced the appointment of the GSE’s first Latino Executive Vice President, Sam Valverde.

Latino Homeowners:’s 2022 Hispanic Real Estate Survey found that while 41% of Latinos currently own their homes, 39% are in the market.

Most Popular: The most popular time of the week to search for homes online is Tuesday at 8 pm, according to Redfin search data.
CFPB Warning: The CFPB laid out its expectations for servicers using the Homeowner Assistance Fund and warned that mortgage-related activity will be closely monitored.

Retail Sales: Retail sales rose 0.3% in February, a slowdown in the pace of spending that suggested inflation was taking its toll on American consumers.

loanDepot In Court: loanDepot has been hit with a lawsuit alleging the company’s executives and directors misled investors about its IPO in 2021.

Boss/Landlord: Cornered by the housing crisis, some business owners are renting to their employees. “If you call anybody, they’re all buying houses for their staff,” Kim Jensen, a Wisconsin restaurateur, told Bloomberg.