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: Realtor.com’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.