Good Morning! Today is Friday, March 10. Biden released his proposed budget, which would reduce the deficit through a minimum tax on billionaires and a higher tax on corporate stock buybacks. Xi Jinping started a new term as China’s leader. Australia will buy nuclear-powered submarines from the U.S., a move against China.
The Mortgage Note Reports
Up Or Down?: It’s a mixed bag when it comes to predictions for the mortgage market as the economy continues to balance out. Writer Scott Kimbler has the story.
ICYMI: This week, leaders at Rocket Pro TPO announced they are extending their promotion on 30-year conventional purchase loans at or under $200,000, the presale home renovation company Revive is expanding nationally, and writer Patrick…
Good Morning! Today is Thursday, March 9. Mitch McConnell, the Senate minority leader, was hospitalized after tripping at a Washington hotel. Russia launched missiles at residential areas in Ukraine this morning, killing at least nine people. California is bracing for more heavy rain and snow.
The Mortgage Note Reports
Rate Hikes: The Feds are preparing to raise interest rates again this month. What does that mean for mortgage rates and the housing market? Writer Patrick Lavery has the story.
Purchase Sees A Boost: Purchase demand increased last week, but it’s primarily correcting from two weeks of deep lows, not signaling a change in the mortgage market.
VA Perks In Texas: Veterans in Texas can take apply for wholesale rates and…
Good Morning! Today is Wednesday, March 8. Two of four Americans kidnapped crossing the border to Mexico on Friday were found dead, and two others have been returned to the U.S. Five women are suing Texas, claiming they were denied ‘life-saving care’ due to abortion laws. Biden will propose tax increases for corporations and high earners to reduce deficits over the next decade.
The Mortgage Note Reports
Growing Enterprises: As sellers become savvier about return on investment opportunities before putting their house on the market, the presale home renovation company Revive is expanding nationally. Editor Kimberley Haas has the story.
Same Day: Just a few weeks after Better.com announced its One Day Mortgage product, Guaranteed Rate is trying to speed…
Good Morning! Today is Tuesday, March 7. Federal Reserve Chairman Jerome Powell is speaking this morning to the Senate Banking, Housing and Urban Affairs Committee. Labor unions in France say they’ll bring the country to a standstill to protest the government’s plans to raise the retirement age to 64, from 62. At least 16,000 Russians have died in Ukraine.
The Mortgage Note Reports
$200K And Under: Leaders at Rocket Pro TPO are extending their promotion on 30-year conventional purchase loans at or under $200,000 as they gear up to be more competitive in that market this year. Editor Kimberley Haas has the story.
C-Suite Update: Mr. Cooper Group named Kurt Johnson as CFO and Christine Paxton as EVP and Chief…
Good Morning! Today is Monday, March 6. Biden said voting rights are still “under assault” in a speech in Selma, AL, on the anniversary of a 1965 police attack on Black protesters. South Korea will set up a fund to pay citizens who were forced to work for Japanese companies during World War II. Homelessness is increasing again in the U.S.
The Mortgage Note Reports
Million-Dollar Homes: After nearly doubling from pre-pandemic numbers, million-dollar homes are disappearing in some metros as the market corrects.
Churchill Execs: Churchill Mortgage announced two key executive changes as the company refines its workforce despite the housing slowdown.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click…
Good Morning! Today is Friday, March 3. The House Ethics Committee is investigating whether Representative George Santos committed financial crimes or engaged in sexual misconduct. Tennessee is banning drag performances on public property. South Carolina lawyer Alex Murdaugh was found guilty of murdering his wife and son in 2021.
The Mortgage Note Reports
Rates Respond To Inflation Data: Mortgage rates once again increased to 6.65% as new data suggests inflation is sticking harder than previously thought.
Lending Innovations: The FinTech company Knock is partnering with lenders and real estate agents to offer homeowners a chance to leverage the equity in their property so they can buy another home before selling their current one. Editor Kimberley Haas sat down with CEO…
Good Morning! Today is Thursday, March 2. The Senate voted to repeal a rule that lets retirement funds consider climate change when they invest. The drugmaker Eli Lilly is cutting prices on some insulin products. Yosemite National Park has been closed for five days because of snow.
The Mortgage Note Reports
Redlining Agreement: Officials at the U.S. Department of Justice have reached a $9 million agreement with an Ohio-based bank to resolve redlining allegations. Editor Kimberley Haas has the story.
Whole New FormFree: FormFree is entering a new era, having strategically divested itself of asset-verification service AccountChek and naming a new president.
PrimeLending Offer: PrimeLending and SimpliSafe announced a partnership to provide mortgage borrowers with preventative smart home protection.
TMN…
Good Morning! Today is Wednesday, March 1. Republicans in Congress questioned military officials on money sent to Ukraine, signaling concerns over future aid. Two trains collided in Greece, killing at least 36 people. A Mediterranean cruise ship has become a shelter for people displaced by the earthquake in Turkey.
The Mortgage Note Reports
Retail Revolution: As the retail giant Walmart makes news with their plans to close underperforming locations, urban designers see an opportunity to discuss repurposing retail property. Can this help with housing? Writer Patrick Lavery has the story.
Purchase Demand Dwindles: Mortgage purchase demand fell for a third week as dreary inflation data pushed rates up to their highest point since last November.
Can’t Move, Won’t Move: Net…
Good Morning! Today is Tuesday, February 28. Hackers broke into a division of the Justice Department and stole personal information about targets and employees. Britain and the European Union agreed to resolve a trade conflict in Northern Ireland. Another earthquake struck Turkey in the same region devastated by a quake earlier this month.
The Mortgage Note Reports
Shut Down: Officials at the Consumer Financial Protection Bureau are taking action against a California-based mortgage lender that allegedly sent misleading advertisements to military families.
Home Prices Wane: Home price appreciation continued to cool in December, with some pricey Western markets seeing prices drop year-over-year.
Better.com Roll Out: Better.com has launched Equity Unlocker, a new product for Amazon employees with vested equity in…
Good Morning! Today is Monday, February 27. China has rejected the Energy Department’s lab leak theory about Covid’s origins. At least three tornadoes hit Kansas and Oklahoma. U.S. newspapers are dropping the ‘Dilbert’ comic after the creator called Black people members of a “hate group.”
The Mortgage Note Reports
Back To The Office: More people in business, including those in lending, are returning to in-person work after the pandemic. Writer Chuck Green has the story.
Most Popular Metros: Miami has once again topped the list of most popular metros for movers as Americans leaving other expensive cities find relatively cheaper homes.
Pending Sales Up: Pending home sales jumped 8.1% in January as buyers took advantage of sinking rates, but that…
