The housing industry will soon be up in ARMs

Adjustable-rate mortgages (ARMs), and non-QM loan products are expected to become far more popular this year.

May 20, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. The housing industry will soon be up in ARMs Mortgage, HW+ Exclusive Content Adjustable-rate mortgages (ARMs), and non-QM loan products are expected to become far more popular this year. Layoffs, again: Fairway is the latest lender to trim workforce Mortgage, HW+ Exclusive Content Fairway staff across the country received phone calls last week announcing they were part of a round of layoffs, sources told HousingWire. Is RON right for your title & settlement agency? Learn how to identify if hybrid and RON closings are right for you and what you should look for in a digital RON technology partner.   Read more. Sponsored by Stavvy What can we expect from FHA's Julia Gordon? Podcasts Today's episode looks at Julia Gordon's confirmation as FHA commissioner and what kinds of policies we might expect to see put in place. Listen Now! How reverse mortgages could improve financial stability for older homeowners Presented by Reverse Mortgage Funding HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market.  Need more loans right now? We've got you covered. The typical U.S. home appreciated $53k last year, which means homeowners are sitting on more tappable equity than ever before.​ Learn 10 different ways you can convert the historic home equity sitting in your customer database into loans right now.​ Get more loans now! Sponsored by Sales Boomerang This savagely unhealthy housing market needs higher rates Politics & Money, Real Estate, HW+ Exclusive Content Existing home sales for April came in at 5.61 million, with home-price growth driving a housing market that is still savagely unhealthy. CHLA and 41 IMBs urge the FHA to cut MI premiums Mortgage, Politics & Money The CHLA sent a letter, signed by 41 IMBs, to the FHA on Wednesday urging the administration to cut mortgage insurance premiums. The importance of accurate valuations for GSE-compliant appraisals Desktop appraisals combine innovative technology, along with a nationwide network of property data collectors and experienced appraisers to deliver lenders an accurate and reliable, GSE-compliant appraisal. Learn more Sponsored by Clear Capital Realogy TCPA class action suit headed to trial Brokerage, Real Estate, Politics & Money Realogy must go to trial in a class action lawsuit over agents allegedly calling people on the National Do Not Call Registry. Applications for new homes dropped 14% in April Real Estate, Mortgage 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. Unlock unlimited access with HW+ HW+ delivers career-making insights and analytics across for professionals across the housing industry. Coupled with a community of the most engaged leaders in housing, HW+ can help you take your career to the next level and win the current market. Join HW+ Sponsored by HW+ Fannie Mae reduces projected 2022 GDP to 1.3% Mortgage, Politics & Money, Real Estate Fannie Mae reduced the 2022 GDP growth rate as the economy slows under the Fed's tightening monetary policy. Purchase mortgage rates drop to 5.25% as demand wanes Politics & Money, Mortgage Purchase mortgage rates averaged 5.25%, down five basis points from last week, according to the Freddie Mac PMMS. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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