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…
Good Morning! Today is Friday, February 24. Russian opposition groups in dozens of countries are protesting the war today. Prosecutors have asked a judge to force Mike Pence to testify before the Jan. 6 grand jury. A winter storm will intensify over Southern California today, after dumping almost a foot of snow on Portland, OR.
The Mortgage Note Reports
Rates Continue Upward March: Mortgage rates jumped again this week, a third consecutive increase, pushing sub-6% rates further out of reach.
First Home Promotion: Matt Nader has been promoted to Senior Vice President, Director of Sales at First Home Mortgage.
MIP Reduction: The Biden administration has announced a reduction on mortgage insurance premiums in a move they say could benefit an…
Good Morning! Today is Thursday, February 23. Ukraine is bracing for potential strikes on the anniversary of Russia’s invasion. Hundreds of thousands of people are without power in the Midwest because of a winter storm. A gunman in Florida killed three people, including a child and a journalist.
The Mortgage Note Reports
Lender Survival: Life is getting harder for the lending industry, specifically for non-bank lenders. Writer Scott Kimbler has the story.
AmNet Recruiting: American Mortgage Network is on the hunt for loan officers and processors in key U.S. geographic areas even as other companies see layoffs.
Homeowners Still strong: Mortgage holders ended 2022 on a strong note, with delinquencies and foreclosures remaining low, but 2023 may bring an uptick.…
Good Morning! Today is Wednesday, February 22. President Biden accused Putin of atrocities and called on the world to stand up to him. The Biden administration wants to limit access to asylum for migrants who enter the country illegally. Officials in California issued a winter storm warning for southern parts of the state.
The Mortgage Note Reports
Purchase Demand Reverses: Purchase demand fell for a second week, backtracking after weeks of improvement, as rates hit their highest point since November.
Tech For The Little Guys: LenderLogix launched LiteSpeed, a streamlined point-of-sale system designed for small to mid-sized lenders.
Opinion: Tobias Peter, assistant director of AEI Housing Center, writes about the Federal Housing Administration’s rumored announcement today of a 30 bps…
Good Morning! Today is Tuesday, February 21. Putin said in a nationwide address that Russia would suspend participation in its last major nuclear arms control treaty with the U.S. Another powerful earthquake hit Turkey and Syria, trapping more people in the rubble. Prosecutors downgraded the charges against Alec Baldwin in the “Rust” case, reducing possible prison time.
The Mortgage Note Reports
Sun Belt Success And Stress: As North Carolina continues to grow post-pandemic, Editor Kimberley Haas sat down with Senior Loan Officer Troy Williamson to talk about what he is seeing in his home state.
Existing-Home Sales Down: Existing-home sales dropped for the twelfth straight month in January, though the declines are milder than in previous months.
loanDepot Upgrades Servicing: …
Good Morning! Today is Monday, February 20. President Biden made an unannounced trip to Kyiv and met with Volodymyr Zelensky, Ukraine’s leader, ahead of the anniversary of Russia’s invasion. One person was killed and 10 others wounded in shootings in Memphis. “Die Hard” star Bruce Willis was diagnosed with frontotemporal dementia.
The Mortgage Note Reports
Intero Announcement: Berkshire Hathaway affiliate Intero has named Scott Chase president of the company and Terry Meyer as COO.
Thriving Communities: Officials at HUD have opened a portal for local government leaders to request assistance so housing needs are considered as part of their larger infrastructure investment plans.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click…
Good Morning! Today is Thursday, February 16. President Biden is expected to speak about the Chinese spy balloon and three other unidentified flying objects. The DOJ won’t prosecute Representative Matt Gaetz (R-FL) after investigating him on suspicion of sex trafficking. Narcan, the overdose-reversing nasal spray, could soon be available over the counter.
The Mortgage Note Reports
New Zavvie Offerings: Broker partners with fintech zavvie can now take advantage of “Cash Offer” and “Buy Before You Sell” solutions.
Housing Starts: Housing construction slid again in January but building permits rose slightly, indicating demand may be beginning to rebound.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of…
Good Morning! Today is Wednesday, February 15. Nikki Haley announced she is running for president, the first Republican to challenge Trump for the nomination. Investigators have found no evidence that three UFOs shot down by the U.S. were tied to Chinese surveillance. The earthquake death toll in Turkey and Syria passed 40,000.
The Mortgage Note Reports
Retail Saved? Writer Patrick Lavery reports that the cannabis industry is growing, taking over commercial spaces and drawing the attention of investors.
Investor Flight: Real estate investors are fleeing the housing market as borrowing costs rise and home prices cool, cutting into their ROI.
Demand Down Again: Mortgage purchase demand declined after seeing a boost last week, triggered by an increase in rates.
TMN…
