Good Morning! Today is Tuesday, August 29. A United Nations panel determined that children have a right to sue their countries over climate change. Donald Trump’s federal trial on 2020 election interference is set to begin on March 4. Florida officials ordered mandatory evacuations in some counties as Hurricane Idalia approaches.
The Mortgage Note Reports
Prices Rising: Data released today shows annual home price gains were stagnant in June but continue heating up in the short term, with month-over-month prices rising.
Fariba At CSS: Mortgage securitization administrator Common Securitization Solutions has named Farhad Fariba EVP and Chief Technology Officer.
In other mortgage and housing news…
“Urban Doom Loop”: A commercial real estate apocalypse — especially in midsize cities — …
Good Morning! Today is Monday, August 28. Tropical Storm Idalia is expected to morph into a Category 3 hurricane as it approaches the U.S. A white gunman killed three Black people at a Dollar General in Jacksonville, FL, on Saturday. Russian officials confirmed the death of Yevgeny Prigozhin, citing a genetic analysis of remains.
The Mortgage Note Reports
It’s All Connected: Inflation has affected the housing market as higher costs of living puts more stress on the average person’s finances. Writer Erin Flynn Jay has the story.
Rocket Cares: Rocket Companies has earned second place in PEOPLE’s 100 Companies That Care rankings for its contributions to Detroit homeowners.
Guild Acquisition: Guild Mortgage acquired Illinois-based First Centennial Mortgage as it continues…
Good Morning! Today is Friday, August 25. Donald Trump surrendered at an Atlanta jail yesterday and was booked on charges that he tried to overturn the 2020 election results. Maui’s government filed a lawsuit accusing a Hawaiian electric company of causing the recent wildfires. An F-18 military jet crashed near San Diego.
The Mortgage Note Reports
Strickman At NAF: Veteran marketing exec Andrew Strickman has been named Chief Marketing Officer by New American Funding.
Merger Concerns: As officials at the Federal Trade Commission continue to review the proposed acquisition of Black Knight by Intercontinental Exchange, the top Democrat on the House Financial Services Committee is reiterating her concerns about the deal.
Worse Than Worst: Mortgage rates spiked again last week,…
Good Morning! Today is Thursday, August 24. Donald Trump is due to report to an Atlanta jail today. Japan will begin releasing treated water from the Fukushima nuclear power plant into the ocean. The Wagner chief behind a Russian mutiny was on a jet that crashed in the Tver region, killing all 10 onboard.
The Mortgage Note Reports
Making It Personal: The co-founder and president of a relationship management automation provider for mortgage professionals says taking a more personal approach to messaging makes a difference. Editor Kimberley Haas has the story.
Demand Dwindling: Mortgage applications tanked last week as average interest rates hit 7.31%.
Vacancies Climbing: Zombie foreclosures increased slightly in Q3, though remain so low that homeowners need not…
Good Morning! Today is Wednesday, August 23. The first presidential debate for the 2024 race is tonight at 9 p.m. Eastern Time. Donald Trump will not attend. Tropical Storm Harold made landfall south of Houston, pummeling Texas with heavy rains. India is the fourth country to land on the moon after a successful lunar mission.
The Mortgage Note Reports
Helping Millennials: Addressing affordability issues by allowing for creative living solutions may be the key to getting more Millennials into homeownership. Editor Kimberley Haas has the story.
Not Looking Good: Scotsman Guide asked mortgage pros how they expect to fare in the next six months. Their answers were tepid, with a focus on high rates.
New Home Sales: New home sales…
Hello! Today is Tuesday, August 22. Former President Donald Trump says he’ll show up in Fulton County, GA on Thursday — the day after the first GOP presidential debate — to be arrested on charges related to the 2022 election. Dick’s Sporting Goods blames ‘increasingly serious’ theft problem for profit plunge. Tropical Storm Harold has made landfall in Texas as the first US landfall of the 2023 Atlantic Season. The Mortgage Note Reports Helping Maui: Federal housing officials have pledged to support people affected by the wildfires in Hawaii as the state’s governor warns developers to stay away. Editor Kimberley Haas has the story. Luxury Life: Writer Nicole Murray explains that California continues to dominate the luxury homes market, but…
Good Morning! Today is Friday, August 18. Hurricane Hilary has been upgraded to a category four storm and could dump years’ worth of rain on California. Maui’s emergency management chief resigned after facing criticism over his wildfire response. Trump asked a judge to delay the start of his federal trial over the Jan. 6 attack until 2026.
The Mortgage Note Reports
Breaking 7%: Mortgage rates once again hit a more than two-decade high last week, breaking 7% on average and adding extra weight to Americans’ heavy housing burden.
RESPA Violation: The CFPB fined Freedom Mortgage $1.75M for providing illegal incentives to real estate brokers and agents for mortgage loan referrals.
In other mortgage and housing news…
Still Losing Out: IMBs…
Good Morning! Today is Monday, August 21. Russia’s first lunar mission in decades failed when its uncrewed spacecraft crashed into the moon. Flash flooding and mudslides are possible in California and the Southwest as one-time Hurricane Hilary weakens. Trump said he will not be participating in the Republican primary debates.
The Mortgage Note Reports
No More Inventory: Potential buyers patiently waiting for a surge in inventory before jumping into the housing market may be out of luck. Editor Kimberley Haas has the story.
ICYMI: Chuck Green’s article last week about how the Fed’s rate hikes are hurting the housing market is our most popular article so far this month.
In other mortgage and housing news…
What’s Next?: With the impact…
Good Morning! Today is Thursday, August 17. The district attorney prosecuting Donald Trump in Georgia is seeking a March trial start date. More than 1,000 people are still missing in the wake of the Maui wildfires, and the death toll has risen to 111. President Biden will host the leaders of Japan and South Korea at Camp David.
The Mortgage Note Reports
School Of Hard Knocks: It is being estimated that the average metro area teacher can afford 12% of homes for sale within commuting distance of their school. That’s down from 30% in 2019. Editor Kimberley Haas has the story.
Opportunity Zones: Low-income redevelopment zones are back on track for home price appreciation, and some are faring better than…
Good Morning! Today is Wednesday, August 16. Trump and his 18 co-defendants in the Georgia 2020 election probe are expected to be booked at the Fulton County jail. The special counsel in the Jan. 6 indictment obtained Trump’s direct messages. X, formerly Twitter, slowed access to certain websites, including Substack and Facebook.
The Mortgage Note Reports
Living Large: The CEO of United Wholesale Mortgage is building a 63,000-square-foot mansion which will be the largest lived-in residence in Michigan, and it will have an amusement park. Writer Scott Kimbler has the story.
Continued Stress: Mortgage applications slipped slightly last week as rates reached their highest point since 2001, driven by mixed inflation data and elevated treasury rates.
Cenlar Hires: Cenlar FSB…
