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Flips increased to 9% of sales as profit margins post modest increase.

Industry veteran David Schneider previously served as president of CItiMortgage.

In blog post, director says agency intends to streamline regulations.

Tells House Financial Services Committee that moderate increases still needed to curb inflation.

Says May's 1.4M homes for sale was the lowest ever in its records.

GSE's June economic outlook predicts U.S. will avoid a recession.

Andy Pettola has more than 30 years of mortgage industry experience.

Purchase application volume rose while refis continued to fall.

The $307M Non-QM offering is backed solely by its proprietary Community Mortgages.