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…
Good Morning! Today is Tuesday, February 14. Happy Valentine’s Day. A gunman killed three people and wounded five at Michigan State University. President Biden fired the Capitol’s top facilities official, who stayed away from the building during the Jan. 6 attack. A man drove a U-Haul truck onto sidewalks in Brooklyn, killing one person and striking eight others.
The Mortgage Note Reports
Fall In Love: Interest in minimalism has increased, and people who want to embrace that lifestyle could find themselves at home in one of the cities listed in a recent analysis. Editor Kimberley Haas has the story.
Allen At 1st Security: Security specialist Shana Allen has been promoted from Chief Information Officer to Executive VP of 1st Security…
Good Morning! Today is Monday, February 13. The Kansas City Chiefs beat the Philadelphia Eagles in the Super Bowl. The US and Canada are investigating UFOs shot down over Alaska, the Yukon, and Michigan. Investors have pulled $31 billion from equity mutual funds and exchange-traded funds in the past six weeks.
The Mortgage Note Reports
Rocket Shake-Up: Rocket CEO Jay Farner is retiring after 27 years with the company, with executive Bill Emerson taking over the role on an interim basis starting June 1.
Rate Locks Improve: Rate lock volumes increased across the board in January, finally breaking a nine-month downward streak, but the good news may not last.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from…
Good Morning! Today is Friday, February 10. The special counsel investigating Donald Trump’s efforts to overturn the 2020 election subpoenaed Mike Pence. Nicaragua released hundreds of political prisoners to try to restart relations with the U.S. The earthquake death toll has risen to over 22,000 in Turkey and Syria.
The Mortgage Note Reports
Rent Prices Cooling: Rent price growth is finally slowing, a positive sign for potential homebuyers who are struggling to save for a downpayment.
Rates Inch Up: Mortgage rates ticked up this week following the Fed’s latest rate hike, breaking a multi-week downward streak.
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 Thursday, February 9. Disney will lay off as many as 7,000 employees. Ukraine’s president asked Britain for fighter jets during a two-day visit. New York City is buying bus tickets for migrants who want to seek asylum in Canada.
The Mortgage Note Reports
Multifamily Opportunities: Programs that support ownership of multifamily properties are estimated to make up almost 30% of homebuyer assistance offerings and that may present unique opportunities in markets strapped for inventory. Editor Kimberley Haas has the story.
Battle For Dominance: Anthony Hsieh stepped down as Executive Chairman of loanDepot as the result of a proxy fight with his board of directors.
More For Your Money: As rates retreat and home price appreciation cools,…
Good Morning! Today is Wednesday, February 8. In his State of the Union address, President Biden spent the most time discussing the economy, followed by infrastructure, policing, and taxes. The death toll in Turkey and Syria from a set of earthquakes passed 11,000. Microsoft is incorporating an A.I. chatbot into its search engine, beating Google.
The Mortgage Note Reports
Loan Apps Get A Boost: Both purchase applications and refis saw increases as rates fell for a fifth consecutive week.
Rent Cooldown: Millennials and Zoomers are seeing their personal inflation rates cool as rents moderate, giving them access to more of their paychecks.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here …
