Good Morning! Today is Monday, February 14. Happy Valentine’s Day. The Los Angeles Rams beat the Cincinnati Bengals in the 56th Super Bowl. A crucial roadway for U.S.-Canadian trade reopened Sunday after authorities cleared a weekend blockade protesting vaccine mandates. “Ghostbusters” producer Ivan Reitman has died at 75. The Mortgage Note Reports Falling In Love With Homes To Have Your Heart Broken?: This Valentine’s Day, if your heart is broken because you keep falling in love with homes to lose them to other buyers, you are not alone. Here’s some advice. Delinquencies Down In Q4: MBA reported that delinquencies on residential properties fell to 4.65% of all outstanding loans in Q4 2021. New Freddie Leaders: Freddie Mac announced that Kevin…
Good Morning! Today is Friday, February 11. Biden is moving to split $7 billion in frozen Afghan funds between 9/11 victims’ families and humanitarian aid in Afghanistan. Congress passed a bipartisan bill giving survivors of sexual misconduct greater rights to sue. Super Bowl LVI is poised to be the most bet upon game in football history as the legalization of sports betting grows. The Mortgage Note Reports Which City Would Win In The Super Bowl Of Housing Markets?: It’s Super Bowl weekend and The Mortgage Note is taking a look at which city would win if Los Angeles and Cincinnati’s housing markets were pitted against each other. Black Knight: Forbearance plans fell by 4% last week, slowing as the number of active…
Good Morning! Today is Thursday, February 10. Chuck Schumer and Nancy Pelosi suggested that they were open to banning members of Congress from trading stocks. Officials have delayed the medal ceremony for team figure skating amid reports that a Russian skater failed a drug test. A former casino executive was sentenced to a year and a day in prison for a bribery scheme to get his daughter into U.S.C. The Mortgage Note Reports Impact Of Labor Numbers On Housing Market Remains Unclear: Despite an uptick in job numbers and an increase in personal incomes, there is still uncertainty about how the latest Labor Statistics Report will impact the housing market. Second Home Demand: Second home demand outpaced primary residence demand…
Good Morning! Today is Wednesday, February 9. New York State will drop its indoor mask mandate this week. Mitch McConnell denounced the RNC’s characterization of Jan. 6 as “legitimate political discourse.” The House passed a bipartisan bill to keep the Postal Service solvent and to reduce mail delays. The Mortgage Note Reports Gearing Up For The Big Game: Leaders at Rocket are inviting people to take a peek at the homes they could buy if they win the world’s largest official game of Super Bowl Squares and they have revealed which stars will appear in their ad. 2022 Expectations: Home price appreciation and stock shortages are likely to continue through the first few months of 2022, as December saw price growth pick back up…
Good Morning! Today is Tuesday, February 8. The Supreme Court reinstated Alabama’s congressional map, which a lower court had said hurts Black voters. Vladimir Putin met with President Emmanuel Macron of France but did not rule out a Ukraine invasion. The budget airlines Frontier and Spirit plan to merge. The Mortgage Note Reports UWM Sues Brokerage in Effort to Enforce its ‘Anti-American’ Restrictions on Lenders. UWM’s Mat Ishbia is defending his company’s decision to slap America’s Moneyline with a $2.8 million lawsuit over its decision to violate UWM’s restrictions on working with Rocket and Fairway Independent. AML’s Shawn Nevin calls it ‘anti-American.’ $53 Million Agreement With Fannie Mae To Help Rebuild Communities Of Color In Metro Areas: Fair housing organizations throughout the…
Good Morning! Today is Monday, February 7. The White House said a Ukraine invasion could come “any day now.” The Dutch speedskater Ireen Wüst became the first person to win individual golds at five Olympics. New Jersey’s Democratic governor will lift the state’s school mask mandate. The Mortgage Note Reports CA Broker Calls Out UWM: Jason Vondrak of Prospect Home Finance announced he has laid off 50 employees and blamed UWM and its CEO, Mat Ishbia. loanDepot CEO Remains Focused On Long-Term Strategy After Mixed 2021 Results: The CEO of loanDepot says they will continue to focus on their long-term strategy to become the most trusted homeowner fulfillment company in the world after the company released their results for 2021,…
Good Morning! Today is Friday, February 4. Islamic State’s leader died during a nighttime raid by U.S. special forces in northwestern Syria. The US is short on blood due to below-average donations amid Covid-19. The House is set to approve a $350 billion initiative to boost U.S. competitiveness with China and others, but the Senate may fight it. The Mortgage Note Reports Standing Up For Independent Mortgage Bankers In 2022 And Beyond:The executive director of Community Home Lenders Association is working to educate policymakers in Washington, D.C., while articulating the perspective of independent mortgage bankers. Forbearances Drop: Active forbearance plans fell by 45,000 plans (-5%) last week, according to Black Knight’s blog, Vision. More than 90% of homeowners who entered Covid-related forbearance…
Good Morning! Today is February 3, 2022. The U.S. is deploying 3,000 more troops to Eastern Europe. The Army said it would immediately discharge unvaccinated soldiers. Jeff Zucker resigned as the president of CNN over a romantic relationship with an executive. The Mortgage Note Reports Millennial Domination: Despite challenging conditions for first-time homebuyers, Millennials make up a majority of homebuyers in most of the US’s largest metros, especially Denver, Seattle, and Boston. Home Value Record: December 2021 saw a record annual surge in U.S. home value led by Austin, TX, which saw total home values equivalent to the 2020 GDP of Ecuador. And in other mortgage and housing news… Love In The Air: A survey from Zillow found 34% of…
Good Morning! Today is February 2, 2022. It’s official: Tom Brady is retiring. The U.S. national debt topped $30 trillion, a record. ABC suspended Whoopi Goldberg for two weeks after she said that the Holocaust was not about race. She later apologized. The Mortgage Note Reports Guaranteed Rate No. 8 To Debut In NASCAR Race:Race car driver Tyler Reddick will debut the new Guaranteed Rate No. 8 Chevrolet at the first-ever Busch Light Clash at the Coliseum this Sunday. Application Volume Back Up: Mortgage loan application volume rose 12% after falling 7.1% last week, MBA reports. CoreLogic HPI: Home prices rose by 18.5% across the nation in December 2021, but are expected to moderate in the next twelve months. Panorama CEO: Panorama Mortgage Group named…
Good Morning! Today is February 1, 2022. Moderna’s Spikevax won full FDA approval for adults 18 and up, making it the second fully approved Covid-19 vaccine. Pfizer is planning to ask the FDA to authorize its vaccine for children under 5. A prosecutor dropped the last criminal inquiry into sexual misconduct allegations against Andrew Cuomo. The Mortgage Note Reports Getting Pushed Out Of The Housing Market? You’re Not Alone: Low-income and minority buyers will continue to be crowded out of the housing market in 2022, according to the director of research at the AEI Housing Center. Home Showings Skyrocket: Showing traffic rose 11.5% YOY in December 2021 as buyers continued scouring the market for a new home. New Construction Record: …
