Good Morning! Today is Tuesday, August 1. Phoenix’s temperature dipped below 110 degrees for the first time in a month. Russian officials are accusing Ukraine of another drone attack on Moscow. Paul Reubens, known for playing Pee-wee Herman, died at 70.
The Mortgage Note Reports
“Don’t Be Scared”: Mary Ann McGarry, who led Guild Mortgage as it grew into a national company with operations in 49 states, says the key to success is to have confidence and ask questions. Editor Kimberley Haas has the story.
Partner Up: NAF and The Agency are partnering to meet the needs of The Agency’s clients, with NAF becoming the preferred mortgage lender of The Agency.
Price Gains, Listing Woes: Listings took a hit in…
Good Morning! Today is Monday, July 31. Donald Trump’s defamation lawsuit against CNN over “The Big Lie” has been dismissed. Singer Madonna says she feels lucky to be alive one month after a health scare that led to hospitalization. There will be two supermoons this month.
The Mortgage Note Reports
Rocket C-Suite: Varun Krishna has been named CEO of Rocket Companies.
“Tipping Point”: Homeowners who have a mortgage rate above 5% are nearly twice as likely to sell their homes than those paying a rate below 5%.
Retail Therapy: Writer Nicole Murray reports that some shopping malls are finding success because they attract people to the location for an experience.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles…
Good Morning! Today is Friday, July 28. The Labor Department is increasing heat-safety inspections in fields like construction and agriculture. Vladimir Putin promised free grain to several African countries after blockades disrupted their supply. The DOJ will investigate the Memphis police in response to the fatal beating of Tyre Nichols.
The Mortgage Note Reports
Rates Move Toward 7%: Mortgage rates increased slightly last week, inching up to 6.81% after falling the week prior.
Home Sales: New home sales and existing-home sales painted a troubling picture of the housing market this past month, but pending sales offer a glimmer of hope.
Opinion: The Community Home Lenders of America has released a Consumer Mortgage Bill of Rights. President Taylor Stork and Kelly…
Good Morning! Today is Thursday, July 27. Russia and China sent delegations to North Korea this week. Senate Minority Leader Mitch McConnell, 81, is using a wheelchair to navigate crowded airports after a recent fall. Singer-songwriter Sinead O’Connor has died at the age of 56.
The Mortgage Note Reports
Listen In: Editor Kimberley Haas sat down with FreeForm’s Christy Moss to talk about alternatives to the traditional FICO score.
When Will It End? Rates were hiked again by the Federal Reserve as officials continue to battle inflation. Writer Patrick Lavery has the story.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.
In…
Good Morning! Today is Wednesday, July 26. All eyes are on the Federal Reserve as they are expected to raise interest rates by a quarter of a percentage point today. A federal judge struck down the Biden administration’s asylum policy. The Education Department opened a civil rights investigation into legacy admissions at Harvard. UPS reached a tentative deal with unionized workers, possibly averting a strike next week.
The Mortgage Note Reports
Application Activity Restrained: Mortgage applications decreased by 1.18% last week, wiping out a bump the week prior, as rates hovered near 7%.
Clever Pro: Clever Real Estate announced a suite of integrated products for lenders to protect their purchase pipeline, increase conversations, and close more loans.
TMN Presents: The…
Good Morning! Today is Tuesday, July 25. Russian drones hit a Ukrainian town across the Danube River from Romania, striking close to a NATO country. The IRS will stop surprise visits to homes and businesses after a rise in threats to agents. Florida Gov. Ron DeSantis and members of his 2024 presidential campaign team were not injured in a car accident this morning in Tennessee.
The Mortgage Note Reports
Experts Weigh In: It is being speculated that once mortgage rates drop, there will be another surge in prices. Writer Erin Flynn Jay interviewed a number of industry leaders who say this is a real possibility.
Home Prices: Data released today shows national home prices slipped year-over-year in May but continue…
Good Morning! Today is Monday, July 24. Elon Musk said he would replace Twitter’s bird logo with an X. Israeli lawmakers passed part of a plan to weaken its court system. “Barbie” and “Oppenheimer” outperformed sales expectations this weekend as moviegoers headed to theaters.
The Mortgage Note Reports
Digital Closing News: Snapdocs eClose and Notary Scheduling have teamed up, accelerating closing speed by at least 1.5 days through this “first-of-its-kind integration.”
One-On-One: Todd Maki at Snapdocs recently sat down with editor Kimberley Haas to talk about their product and the role artificial intelligence plays in the process.
Tribal Homeownership Act: The U.S. Senate has unanimously passed a bill designed to speed up and simplify the mortgage process for applications on…
Good Morning! Today is Friday, July 21. The House passed legislation to improve air travel by hiring more air traffic controllers and modernizing airports. Minneapolis plans to loosen enforcement around psychedelic drugs. Singer Tony Bennett died at the age of 96.
The Mortgage Note Reports
Questions Linger: With the Fed’s next meeting less than a week away, could Chairman Jerome Powell be preparing to announce one of the rate hikes that he said in June might take place this year? Writer Patrick Lavery has the story.
Rates Pull Back: Positive inflation data pushed mortgage rates down last week, dropping more than ten basis points to 6.78%.
Taking Aim At Unfair Fees: HUD announced commitments by some of the biggest rental…
Good Morning! Today is Thursday, July 20. Russia is targeting Ukraine’s food exports, attacking port facilities in Odesa. Stanford’s president will resign after an investigation found falsified data in his past scientific research. Wesleyan University in Connecticut is ending its admission policy of preference for legacy students.
The Mortgage Note Reports
Chen At AHL: Simon Chen has been named president and CEO of buy-first lender Arrival Home Loans.
Another AI: HomeZada has launched an AI Chat Assistant, Zada, that answers real estate and home management questions.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.
In other mortgage and housing news…
Life Left…
Good Morning! Today is Wednesday, July 19. The temperature in Phoenix topped 110 degrees for a record 19th straight day. An Australian man was rescued with his dog after three months lost at sea. Former Secretary of State Henry Kissinger, who is 100 years old, made a surprise visit to Beijing.
The Mortgage Note Reports
Castle Auction: Bidding begins this week on a historic castle in Waco, Texas, that was renovated by “Fixer Upper” stars Chip and Joanna Gaines. Writer Nicole Murray has the story.
Starts And Permits: U.S. homebuilding fell in June, but a bump in single-family permits offers a glimmer of hope for buyers eyeing new construction this year.
Mixed Results: Mortgage applications increased again last week as…
