Morning Roundup (5/9/2022)– Consumer Sentiment Down, Refi Closing Costs

Good Morning! Today is Monday, May 9. Today is Victory Day, a holiday in Russia that has become a celebration of military might. Jill Biden made an unannounced visit to western Ukraine and met with the nation’s First Lady. A shortage of baby formula in the U.S. is causing some retailers to limit how much customers can buy. The Mortgage Note Reports Sentiment Down: Consumers across the country continue to report difficult homebuying conditions, Editor Kimberley Haas writes. OriginPoint Hire: John Stewart is joining OriginPoint as its new EVP of National Sales. Refi Closing Costs: The national average closing costs for a refinance in 2021 were up $88 from 2020 but were still less than 1% of the average refinance loan amount. And in other mortgage and housing news… NAR…

John Stewart Joins OriginPoint As EVP Of National Sales

John Stewart is joining OriginPoint as its new EVP of National Sales, the company announced in a press release. “When the opportunity to work at OriginPoint presented itself, I couldn’t pass up the chance to join the team,” said Stewart. “OriginPoint has a great value proposition for consumers and loan officers, which allows us to better serve homebuyers and deliver a hassle-free mortgage process.” OriginPoint is a digital origination venture between Compass and Guaranteed. In his new position, Stewart will oversee OriginPoint’s sales and recruiting operations. Stewart brings more than 30 years of mortgage and finance industry to the role.  Prior to this, Stewart served as a Division Manager at Guaranteed Rate. He is also the President and Co-Founder of…