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…
Good Morning! Today is Friday, December 23. The Mortgage Note will be off next week for the holiday. We’re wishing you good tidings and a happy new year! The Mortgage Note Reports Rates Stay Down: The 30-year fixed rate dipped again last week while the 15-year inched up, breaking a downward streak, though the increase impacts far fewer borrowers. Sales Slump: Home sales fell 35.1% YOY in November, the largest decline in Redfin’s records, but there are early signs demand may be creeping back up. 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. How are you helping your community this holiday season? We want to know. Share your story by emailing us: [email protected]…
Good Morning! Today is Thursday, December 22. Volodymyr Zelensky addressed a joint session of Congress, appealing for more military aid. In response, Russia warned of a “long” war ahead. The National Weather Service called the winter storm hitting nearly every state in the country this week and weekend a “once-in-a-generation type event.” The Mortgage Note Reports Amerifirst Acquired: Union Home Mortgage will acquire Michigan-based Amerifirst Home Mortgage, expanding its reach across multiple states. Existing Home Sales: Existing-home sales declined for the tenth straight month in November, down 7.7% from October and 35.4% YOY. 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. How are you helping your community this holiday season? We…
Good Morning! Today is Wednesday, December 21. A House committee voted to publicly release six years of Trump’s tax returns. New legislation would ban TikTok from federal government devices amid national security concerns about the Chinese-owned app. Elon Musk said he would step down as Twitter’s CEO when he finds a replacement. The Mortgage Note Reports Refis Get A Boost: Loan application volume rose again as rates hit a three-month low, driven by a surge in refinances that canceled out declining purchase apps. Motto On A Roll: Motto Mortgage has opened a new office in Wheeling, WV, the franchiser’s third new office this month. 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…
Good Morning! Today is Tuesday, December 20. The Jan. 6 committee recommended that the Justice Department investigate Trump allies, including Mark Meadows and Rudy Giuliani. Twitter users said in a survey that Elon Musk should step down as head of the company. Pope Francis will return three pieces of the Parthenon to Greece. The Mortgage Note Reports The Future Of Cities: The future of live-work-play communities looks bright heading into 2023 as investors figure out ways to make money in real estate with a recession looming. Editor Kimberley Haas has the story. Starts, Permits Fall Again: New home construction slid in November, with residential starts down 0.5% from October and 16.4% YOY. Another Lender Buydown: Guild Mortgage is rolling out a new rate buydown program, covering 1% of…
Good Morning! Today is Monday, December 19. The Jan. 6 committee is expected to approve its final report and vote on issuing criminal and civil referrals against Donald Trump. Ukraine officials said Russia was training soldiers for a potential offensive. A winter storm could disrupt travel in parts of the U.S. ahead of the holiday weekend. The Mortgage Note Reports Seeking A Snowy Christmas: Americans may idolize a white Christmas, but owning a home in the nation’s snowiest states costs a premium compared to sunnier metros. Mountain America x Blend: Mountain America Credit Union is offering home equity through cloud banking software Blend. Homelessness Report Released: Homelessness has risen for individuals and people with disabilities who experience long-term homelessness, according to the 2022 Annual Homeless Assessment Report…
Good Morning! Today is Friday, December 16. The House passed legislation that could let Puerto Rico become a state, but it’s unlikely to pass the Senate. A grand jury indicted five Louisiana officers in connection with the deadly 2019 arrest of Ronald Greene, a Black driver. Twitter suspended the accounts of about half a dozen journalists, some of whom have written critical stories about Elon Musk. The Mortgage Note Reports Monetary Policy: With the Federal Reserve raising interest rates seven times this year – with more rate hikes on the way in 2023 – people are wondering if their policies to cool inflation are unfairly punishing those in the housing market. Editor Kimberley Haas has the story. Rates Down Again: Mortgage interest rates dipped modestly…
Good Morning! Today is Thursday, December 15. The House passed a bill to temporarily avert a government shutdown and push back the deadline for a longer-term spending bill. Peru declared a state of emergency to quell deadly protests that began after the president was removed from power last week. New Zealand banned cigarette sales to everyone born after 2008. The Mortgage Note Reports Allegations: The attorney general of Pennsylvania, who won the race for governor in November, announced on Wednesday that he is suing a Florida-based brokerage firm and its founder, saying the company scammed consumers. Editor Kimberley Haas has the story. Flipping ROI Sinks: Home flippers are feeling the sting of the housing market correction, seeing flips fall for a second quarter as profit…
Good Morning! Today is Wednesday, December 14. Elon Musk stopped paying rent on some of Twitter’s offices and disbanded a content moderation council to cut costs. President Biden signed a bipartisan bill protecting same-sex marriage rights. Tornadoes hit Texas, Oklahoma, and Louisiana, part of a winter storm sweeping the country. The Mortgage Note Reports Data As Oxygen: The CEO of an advanced analytics company says the latest version of their platform includes a new reporting tool that can help lenders and servicers navigate the current market. Editor Kimberley Haas sat down with Augie Del Rio, co-founder of Gallus Insights. Loans Rebound: Mortgage loan application volume rebounded last week, breaking a weeks-long streak of declines, with both refis and purchase loans seeing a boost. UMortgage Hire: Todd Bitter has joined…
Good Morning! Today is Tuesday, December 13. The Supreme Court declined to block California’s ban on flavored tobacco. Scientists have made a potentially significant breakthrough in nuclear fusion, which could change energy’s future. Hundreds of migrants crossed the U.S.-Mexico border on Sunday night, one of the largest single crossings in years. The Mortgage Note Reports ICYMI: The housing market traditionally cools during the holiday season as people focus on family and friends but industry leaders say it is a good time for potential sellers and buyers to weigh their options. Editor Kimberley Haas has the story. Accurate x Mortgage Cadence: Accurate Group and Mortgage Cadence have joined forces to offer end-to-end digital mortgage technology. Company News: Brian Ralston has been promoted to EVP, Chief Mortgage Banking Officer at…
