Good Morning! Today is Friday, April 14. The FBI arrested a 21-year-old Massachusetts Air National Guardsman for the Pentagon document leak. Trump was questioned under oath in a civil fraud lawsuit. Both Mitch McConnell and Dianne Feinstein are ill, stalling action in Congress.
The Mortgage Note Reports
Rates Down Again: Mortgage rates ticked down again, the fifth straight week of declines, as inflation shows signs of decelerating and labor markets remain tight.
Urmersbach At Kiavi: Fix and Flip lender Kiavi has named Alex Urmersbach as CFO.
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.
What are you seeing this spring homebuying season?…
Good Morning! Today is Thursday, April 13. Juul announced a $462 million settlement with states over the marketing of e-cigarettes to adolescents. NPR will stop using Twitter after the social network labeled it “U.S. state-affiliated media.” Montana may outlaw TikTok, though officials acknowledged that a ban would be hard to enforce.
The Mortgage Note Reports
Swipe To Save: Leaders at Rocket Companies in Detroit have launched a credit card designed for homebuyers and homeowners.
Conventional 1% Down: UWM introduced a program where borrowers put 1% down and the company pays another 2% for a total 3% down payment.
Sahi At Polly: Former ICE exec Parvesh Sahi has joined tech company Polly as CRO.
TMN Presents: The Mortgage Meltdown Meter, a…
Good Morning! Today is Wednesday, April 12. The Biden administration is proposing rules to ensure that two-thirds of new cars sold in the U.S. by 2032 are all-electric. The I.M.F. said the world economy looks increasingly likely to face a slowdown. Trump’s lawyers want to delay the start of a sexual assault and defamation trial.
The Mortgage Note Reports
Consumer Prices: Inflation continued its upward march last month but showed signs of cooling, up 5% YOY, down from 6% in February.
Apps Back On The Rise: Mortgage applications righted themselves last week after a brief dip, up 5.3%, as buyers take advantage of cooling rates.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated…
Good Morning! Today is Tuesday, April 11. Nashville lawmakers reinstated Justin Jones, one of two Black Democrats expelled by a Republican supermajority last week. Italy has rescued more than 2,000 migrants from rough seas since Friday. A gunman killed five of his co-workers at a bank in Louisville, KY.
The Mortgage Note Reports
Policy Memoir: A new book by Mark Calabria provides insider insight into how millions of Americans were provided mortgage and rental assistance in response to the COVID-19 pandemic. Writer Patrick Lavery has the story.
First-Timers Feeling Optimistic: First-time homebuyers are feeling ready to face the market, despite facing high prices, rates, and competition.
NAF Change-Up: NAF rebranded its cash offer program Buyer Accepted to NAF Cash.
TMN…
Good Morning! Today is Monday, April 10. Highly classified Pentagon documents leaked online in recent weeks show how the US spies on both allies and foes. An imam was stabbed during early morning prayers at a mosque in Paterson, N.J. Jon Rahm, 28, won the Masters, the second major win of his career.
The Mortgage Note Reports
March Gains: Lock volumes increased across the board last month, with purchase locks seeing the greatest month-over-month increase of the past five years.
Vacation Home Demand: House hunters are poised to face less competition this spring buying season as second home demand dwindles.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay…
Good Morning! Today is Friday, April 7. It’s Good Friday. We hope everyone who celebrates Easter has a wonderful weekend. Supreme Court Justice Clarence Thomas is under fire for decades of luxury vacations funded by a Republican megadonor. Tennessee House Republicans voted to expel two Democrats who protested in the legislative chamber for stricter gun laws.
The Mortgage Note Reports
Profits In The Red: IMBs lost an average of $301 on every loan they originated last year as buyer demand shrank and production costs soared.
Rates Down: Mortgage rates declined for another week, giving spring buyers more bang for their buck, but many Americans are still priced out of the market.
ICYMI: A California landlord is being charged with discrimination…
Good Morning! Today is Thursday, April 6. Speaker Kevin McCarthy hosted Taiwan’s president in California. Tennessee Republicans will vote today on whether to expel three Democratic lawmakers who joined a gun-control protest in the state legislature. A tech exec who founded Cash App was stabbed to death in San Francisco.
The Mortgage Note Reports
Valuation Modernization: As technology improves, the concept of valuation modernization is gaining traction and some industry leaders say in a few years in-person appraisals could be a novelty instead of the norm. Editor Kimberley Haas has the story.
Tax Pains: Property taxes are on the rise, another source of financial stress for Americans already struggling under sticky inflation and the affordability crisis.
Parsons At First Home: …
Good Morning! Today is Wednesday, April 5. Donald Trump pleaded not guilty to 34 felony counts of falsifying records related to his payments to Stormy Daniels. This is the first time in history an ex-president has been charged with a crime. The F.D.A. plans to allow older and immunocompromised Americans another updated Covid shot. The Mortgage Note Reports Family Rights: A California apartment building owner who suggested a couple move into a bigger unit to accommodate their growing family is being charged with discrimination by U.S. Department of Housing and Urban Development officials. Editor Kimberley Haas has the story. Apps Reverse Course: Mortgage applications reversed after a month of increases despite declining rates, a rocky start to the typically robust…
Good Morning! Today is Tuesday, April 4. Police officers and Secret Service agents will escort Donald Trump to a courthouse in Manhattan before his arraignment at 2:15 p.m. Finland will join NATO today. Residents of Paris voted to ban electric rental scooters.
The Mortgage Note Reports
Insurance On The Rise: Homeowners are in for more financial stress in 2023 as insurance rates are set to rise thanks to inflation and increased climate risk.
Crypto Products: Crypto lending platform Moon Mortgage launched a new mortgage for crypto investors and a crypto loan margin account, Trade & Borrow.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the…
Good Morning! Today is Monday, April 3. Trump spent the weekend making plans for his arrest, while officials in New York prepared for potential turmoil. Saudi Arabia, Russia, and their oil-producing allies said they would cut production, an apparent effort to increase prices. Pope Francis left the hospital after receiving treatment for bronchitis.
The Mortgage Note Reports
Spring’s Here: As the traditional spring homebuying season begins, a lack of inventory, high interest rates, and economic uncertainty due to banking troubles have dominated the news. So what can people expect? Writer Chuck Green has the story.
Wyndham x SoFi: Financial services company SoFi Technologies has acquired Wyndham Capital Mortgage in an all-cash deal.
Rocket Rolls Out More: Rocket Mortgage and Rocket…
