Good Morning! Today is Tuesday, December 5. Hackers gained the personal data of nearly seven million profiles on 23AndMe. A former ambassador is accused of working for years as a secret agent for Cuba. Israel has started an invasion of southern Gaza.
The Mortgage Note Reports
Talking About NAR: People are talking about the possible ramifications of the legal actions being taken against the National Association of Realtors, including the president and CEO of United Wholesale Mortgage.
Guild CMO: Adam O’Daniel joined Guild Mortgage as chief marketing officer.
Lending Tech: POS provider Floify launched a one-stop lending platform for brokers, Floify Broker Edition.
Holiday Home Sales: The holiday season can be a tricky time of year in the real estate…
Good Morning! Today is Monday, December 4. Israel ordered more evacuations before an expected ground invasion of southern Gaza. A volcanic eruption killed at least 11 hikers in Indonesia. Alaska Airlines said it plans to buy Hawaiian Airlines for $1.9 billion.
The Mortgage Note Reports
2024’s Top Markets: First-time buyers are clinging to the dream of homeownership, creating opportunities for relatively affordable markets to explode in 2024.
Newrez Product: Newrez launched a new 1% down payment product with a lender contribution of up to $5,000, geared towards low-income and first-time homebuyers.
Cloud-Based Tech: Cloud-based technology is transforming warehouse lending. Editor Kimberley Haas sat down with Rich Berg of SitusAMC to learn more.
In other mortgage and housing news…
Industry Feedback: …
Good Morning! Today is Friday, December 1. The House will vote today on whether to expel Representative George Santos. Israel resumed its bombardment of Gaza. Sandra Day O’Connor, the first female Supreme Court justice, died at 93.
The Mortgage Note Reports
Year-End Incentives: Rocket Pro TPO is kicking off its annual December to Remember event and the executive vice president says it will mean more for mortgage professionals this year than ever before. Editor Kimberley Haas has the story.
Rates Down Again: Mortgage rates slipped for a fifth consecutive week to 7.22%, signaling the possibility of more competition in a “market starved for inventory.”
FCM Exec: Jeff Pancer joined First Community Mortgage as EVP of Capital Markets.
In other mortgage…
Good Morning! Today is Thursday, November 30. Tesla’s Cybertruck will officially launch at 3 pm ET. Henry Kissinger died at 100 years old. Apple said will improve texting with Android phones.
The Mortgage Note Reports
Lending Sinks: Originations fell by 3% in Q3 thanks to weakness in purchase and home equity lending, reversing a Q2 spike and marking the ninth decline in ten quarters.
Pending Sales Down: Pending home sales sank to their lowest level in 20 years last month, piling on more tough news for the housing market.
Opinion: Scott Olson, executive director of the Community Home Lenders of America, says they are renewing their longstanding call for all mortgage loan originators to be licensed after Bank of America…
Good Morning! Today is Wednesday, November 29. The wife of Ukraine’s military intelligence chief was poisoned but is recovering in the hospital. A commercial plane crossed the Atlantic without using fossil fuels for the first time. Google will delete Gmail and YouTube accounts that have been idle for two years or more.
The Mortgage Note Reports
BOA Penalized: The second largest bank in the country will pay a $12 million penalty after it was found that hundreds of loan officers falsified forms about mortgage applicants.
Applications Up: Mortgage applications rose for yet another week, though the increase was mild, inching up just 0.3% as refinances tanked.
2024 Predictions: Will 2024’s housing market be better? Experts expect to see the beginning…
Good Morning! Today is Tuesday, November 28. Rosalynn Carter’s memorial service is today in Atlanta. New Zealand’s government said it will repeal a law banning cigarette sales. Hunter Biden agreed to testify before the House Oversight Committee on Dec. 13.
The Mortgage Note Reports
Case-Shiller Index: Home prices hit another record high this fall as stock shortages spurred competition for well-priced homes.
Ascent Buys VA: Ascent Software Group, the appraisal software company behind end-to-end suite Jaro, has acquired tech developer Value Acceptance.
Data Beats: Leaders at Tavant say they are using generative AI to redefine the financial services landscape. Editor Kimberley Haas has the story.
In other mortgage and housing news…
New HPI: Redfin introduced its own Home Price Index,…
Good Morning! Today is Monday, November 27. Hamas released an American child along with 16 other hostages. President Biden will skip the U.N. climate summit in Dubai this week. Teachers in Portland, OR, reached a tentative union deal, ending their strike.
The Mortgage Note Reports
A Gift Won’t Cut It: Holiday marketing plans need to maximize connections, but how can professionals do that during one of the most chaotic times of the year? Writer Nicole Murray spoke to industry leaders to get the information you need to know.
New Home Sales: New home sales sank in October to a seasonally adjusted annual rate of 679,000, below analysts’ predictions of 730,000.
Dodd At Floify: Mortgage POS company Floify hired industry expert…
Good Morning! Today is Thursday, November 16. Rescue workers renewed efforts to reach 40 men trapped inside a tunnel in India. Xi Jinping said China might send pandas to U.S. zoos. Thousands of Starbucks workers plan to walk out today over contract negotiations.
The Mortgage Note Reports
Customer Satisfaction: Mortgage lenders who pivoted to borrower-centric approaches in the last year saw customer satisfaction soar despite high rates.
Lock It, List It: Guaranteed Rate launched a new program letting sellers pay a fee and lock in a discounted rate to advertise to buyers.
New Name: SimpleNexus has officially rebranded as nCino’s Mortgage Suite and company leaders say customers can benefit from a more diverse and financially stable company.
In other…
Good Morning! Today is Wednesday, November 15. The House passed a bill to extend government funding into next year. President Biden and China’s Xi Jinping are meeting today. A cargo plane was forced to return to JFK Airport after a horse onboard got loose.
The Mortgage Note Reports
Loss Mitigation Works: Distressed homeowners who get behind on their mortgage bills are avoiding foreclosure. Editor Kimberley Haas has the story.
Application Boost: Mortgage applications jumped by 3% last week as buyers took advantage of lower rates.
GSE Leadership: Fannie Mae President David Benson is retiring in 2024, while Chief Administration Officer Jeffery Hayward will step down at the end of this year.
In other mortgage and housing news…
Another Loss: …
Good Morning! Today is Tuesday, November 14. The U.N. said its fuel reserves in Gaza could run out as soon as today. The Supreme Court adopted an ethics code for its nine justices after some took undisclosed gifts and property deals. Donald Trump called his political opponents “vermin” and threatened to “crush” them if elected again.
The Mortgage Note Reports
Buy Then Sell: Non-QM wholesaler LendSure Mortgage introduced a new reverse 1031 exchange product with a bridge loan for investors.
CV3 C-Suite: CV3 Financial named Robert Callaway its new CFO, while Ken Jacobson will serve as SVP, Capital Markets.
In other mortgage and housing news…
Appraisal Rule: The CFPB said the 2024 threshold for higher-priced mortgage loans subject to…
