Morning Roundup (2/3/2023) — Rates Continue Downward March

Good Morning! Today is Friday, February 3. The Pentagon says it has detected what appears to be a Chinese spy balloon hovering over Montana. Wind chills could reach minus 50 degrees Fahrenheit in New England this weekend. EzriCare Artificial Tears is being recalled after health officials linked it to a bacteria strain that has caused vision loss and at least one death. The Mortgage Note Reports Rates Continue Downward March: The 30-year fixed rate fell again this week to 6.09% as the Federal Reserve cooled its rate hikes. Illgen at MCLP: Mortgage Connect LP has hired Allen Illgen as National Sales Executive, Originations. Listen To Our Podcast: This podcast highlights the successes and innovations taking place in the mortgage industry.…

Morning Roundup (2/2/2023) — War On Inflation

Good Morning! Today is Thursday, February 2. The U.S. will increase its military presence in the Philippines in case of a conflict with China. The Biden administration cleared the way for an oil drilling project in Alaska. The College Board revised its A.P. African American studies course after Florida banned it from public high schools. Pennsylvania’s groundhog Punxsutawney Phil awoke this morning to see his shadow, meaning there will be six more weeks of winter. The Mortgage Note Reports War On Inflation: Federal Reserve Chair Jerome Powell said that the fight against inflation isn’t over and he does not see them cutting rates this year. But that might not be bad news for mortgage interest rates. Editor Kimberley Haas has…

Morning Roundup (2/1/2023) — Loan Apps Reverse Course

Good Morning! Today is Wednesday, February 1. Florida Gov. Ron DeSantis proposed to overhaul Florida’s higher education system. The Justice Department charged four men in the U.S. with involvement in the 2021 assassination of Haiti’s president. The Fed is having its first meeting of 2023 today and is expected to raise rates by a quarter point. The Mortgage Note Reports Apps Reverse Course: Mortgage loan application volume slipped last week after trending up, suggesting the market is still struggling to recover despite retreating rates. Rocket Integration: Fourth Capital Bank will now offer Rocket Mortgage’s digital mortgage application using a new platform developed by Q2 Software. Listen To Our Podcast: This podcast highlights the successes and innovations taking place in the…

Morning Roundup (1/31/2023) — Migration Trends

Good Morning! Today is Tuesday, January 31. The Biden administration plans to end the coronavirus public health emergency in May. The Memphis Police Department suspended two more officers in connection with Tyre Nichols’s death. A suicide bombing at a mosque in Pakistan killed at least 87 people. The Mortgage Note Reports Master Class: Editor Kimberley Haas sat down with Cindi Bulla, owner and broker at Realty Central Services in Texas, to talk about what she is seeing in her area, how zoning conversations are pulling people together to solve problems, and to offer her advice for buyers and sellers dealing with the current housing market. Migration Trends: Despite the insanity of the pandemic homebuying frenzy, Americans are actually moving less…

Morning Roundup (1/30/2023) —MMI, Cenlar Leadership Changes

Good Morning! Today is Monday, January 30. Ukraine is asking for fighter jets and for its allies to speed up weapons deliveries. Israel attacked an Iranian military facility in a city known for making missiles. A man in a ski mask threw a lit Molotov cocktail at a New Jersey synagogue. The Mortgage Note Reports MMI Hire: Top Of Mind’s Carol Burke has been appointed regional director of enterprise sales at Mobility Market Intelligence. Daras Makes CEO: D. James “Jim” Daras has been named CEO and President of Cenlar FSB, the country’s second-largest mortgage servicer and largest subservicer. Opinion: Scott Olson of Community Lenders of America says it is time to strengthen the Ginnie Mae PTAP Program. Listen To Our…

Morning Roundup (1/27/2023) — Pending Sales Rise, Break Downward Streak

Good Morning! Today is Friday, January 27. Five fired Memphis police officers were charged with murder in the death of Tyre Nichols, a Black man. China is arresting people who joined protests against the government’s zero-Covid policy. Former Detroit Lions and Los Angeles Chargers linebacker Jessie Lemonier died at age 25. The Mortgage Note Reports Rates Cool A Bit: The 30-year fixed rate slipped slightly again last week to 6.13%, prompting some pent-up buyers to lock in a purchase. Pending Sales Break Spiral: Pending home sales rose for the first time since May, with two of the four major regions seeing month-over-month gains. Protecting Tenants And The Homeless: The Biden-Harris administration announced new actions to protect renters this week and…

Morning Roundup (1/26/2023) — Seller Profits Rise Above 50%

Good Morning! Today is Thursday, January 26. Donald Trump will regain access to his suspended Facebook and Instagram accounts. A drugmaker filed a lawsuit in federal court to challenge West Virginia’s ban on abortion pills. The Biden administration formally announced that it will provide 31 M1 Abrams tanks to Ukraine. The Mortgage Note Reports Remote Compliance: Leaders at ActiveComply say their new digital service helps companies in highly regulated industries stay compliant when using remote workers. Editor Kimberley Haas has the story. Seller Profits Rise: Home seller return on investment rose to 51% at the end of 2022 despite slowing sales and moderating prices. One Day Mortgage?: Better.com says its customers can now get pre-approved, lock their rate, and get…

Morning Roundup (1/25/2023) — Loan Apps Ride Higher

Good Morning! Today is Wednesday, January 25. The Justice Department sued Google, accusing it of abusing a monopoly in advertising tech. Walmart is raising its minimum pay for hourly workers to $14 an hour, from $12. Aides to former Vice President Mike Pence found classified documents at his Indiana home. The Mortgage Note Reports Loan Apps Ride Higher: Mortgage loan application volume rose again last week, with refis seeing an increase of 15% from the week prior. Hepp At CoreLogic: Selma Hepp has been named Chief Economist at CoreLogic, cementing her title after becoming interim Chief in mid-2022. Listen To Our Podcast: This podcast highlights the successes and innovations taking place in the mortgage industry. TMN Presents: The Mortgage Meltdown…

Morning Roundup (1/24/2023) — “Unprecedented” Migration, Forbearances Flat

Good Morning! Today is Tuesday, January 24. A gunman killed at least seven people in Half Moon Bay, the second mass shooting in California in three days. Spotify is laying off about 600 employees, joining a wave of firings in the tech world. The F.D.A. proposed to offer Americans Covid boosters each fall, like flu shots. The Mortgage Note Reports The Used To Be A Pizza Hut: Writer Patrick Lavery takes a look at how commercial spaces, particularly restaurants, are being repurposed to meet new customer demands and what that means for investors. “Unprecedented”: More Americans than ever are searching for homes outside their current metro, driven to more affordable areas by high rates and economic uncertainty. Forbearances Flat: Forbearance…

Morning Roundup (1/23/2023) — Single Women More Likely To Own Homes Than Single Men

Good Morning! Today is Monday, January 23. A gunman killed ten people and injured at least ten others in California following a Lunar New Year party on Saturday. Canada agreed to pay about $2 billion to settle a lawsuit over the harm done to Indigenous people through residential schools. Biden is planning to name his former coronavirus response coordinator, Jeffrey Zients, as the White House chief of staff. The Mortgage Note Reports Women In The Lead: Single women who live by themselves own more homes than single men in 48 of the 50 states. Sawyer At AAMC: Danya Sawyer is joining Altisource Asset Management Corporation as Chief Operating Officer of its Alternative Lending Group. TMN Presents: The Mortgage Meltdown Meter,…