Good Morning! Today is Wednesday, January 24. Donald Trump won New Hampshire with 55% of the vote, but with 43% Nikki Haley said the race is “far from over.” Biden won the Democratic primary despite not being on the ballot due to write-ins. Turkey’s Parliament approved Sweden’s bid to join NATO.
The Mortgage Note Reports
Commercial Properties: Some market experts are predicting a commercial real estate crash while others are saying there could be a revival in investment opportunities.
Applications Up: Mortgage applications rose 3.7%, the third week of increases, despite rates moving up slightly to 6.78%.
TD’s Promise: TD Bank will devote about $20 billion to philanthropy and serving diverse and minority communities, with a large chunk going to…
Good Morning! Today is Tuesday, January 23. The New Hampshire presidential primary is today, and Donald Trump is leading the polls. Israel said 24 soldiers were killed in Gaza yesterday, their biggest single-day losses yet. The country of Cameroon in Africa kicked off the world’s first malaria vaccine program for children.
The Mortgage Note Reports
To Buy Or Not To Buy: As more people consider jumping into the housing market, what do they need to know? Writer Nicole Murray set out to answer this question, talking to industry leaders and three people who recently purchased a home to get their opinions.
Think Outside The Box: Americans are getting creative to save money on a home, considering buying fixer-uppers or…
Good Morning! Today is Monday, January 22. Ron DeSantis dropped out of the presidential race and endorsed Donald Trump. Israel Prime Minister Benjamin Netanyahu rebuffed pressure from President Biden to create a Palestinian state. It is estimated that 90 Americans have died due to recent severe winter weather.
The Mortgage Note Reports
Women On Top: Single women own more homes than single men, and overall homeownership is now majority female.
Coggiola At Polly: ICE veteran Troy Coggiola has been named COO at capital markets tech provider Polly.
Opinion: Doubling down with more government subsidies for new apartments isn’t the answer to the housing shortage, senior fellows at the American Enterprise Institute say.
In other mortgage and housing news…
“Boardrooms…
Good Morning! Today is Friday, January 19. Donald Trump said that presidents should be immune from criminal charges for anything they do in office in a social media post. The Justice Department condemned a slow police response to the Uvalde school shooting. Macy’s announced plans to cut more than 2,000 jobs.
The Mortgage Note Reports
Rates Reverse Course: Mortgage rates fell to 6.60%, their lowest level since May 2023.
Sales Slump Again: Existing-home sales declined by 1% month-over-month and 6.2% YOY in December, hitting their lowest levels since 1995.
Remembered With Respect: David Stevens, who helped the country navigate the aftermath of the 2008 housing crisis before serving as president of the MBA, is being remembered in high regard …
Good Morning! Today is Thursday, January 18. Apple will remove a feature from its watches that detects blood oxygen levels. Google said it is cutting 100 jobs at YouTube. CNN canceled a debate, a day after ABC did the same, after both Donald Trump and Nikki Haley refused to participate.
The Mortgage Note Reports
Moving Forward: Motivated millennials and the power of technology will shape the mortgage market in 2024, according to industry leaders who gathered this week to reflect on 2023 and strategize for the year ahead.
Starts And Permits: Housing starts slipped in December, with single-family taking a hit, but permits suggest a wave of new inventory coming in 2024.
AIME CEO Changeup: Katie Sweeney is stepping…
Good Morning! Today is Wednesday, January 17. The Biden administration plans to return the Houthis to a list of terrorist groups. ABC News canceled a debate scheduled for Thursday after Nikki Haley refused to attend unless Donald Trump participated. A federal judge blocked JetBlue from acquiring Spirit Airlines.
The Mortgage Note Reports
UWM Rebrand: UWM is changing its consumer-facing website to “Mortgage Matchup” to reflect a more modern identity.
Rates Fall, Apps Rise: Mortgage applications soared again, up 10.4%, as treasury yields pushed rates to their lowest level in three weeks.
Making It Work: Writer Nicole Murray spoke with industry professionals to see what tactics they plan on utilizing to be successful until the inevitable market boom everyone eagerly…
Good Morning! Today is Tuesday, January 16. Trump won the Iowa caucus with a 51% share of votes, 30 points more than Ron DeSantis in second place. Vivek Ramaswamy dropped out of the race. Dangerous cold weather is sweeping the U.S. today.
The Mortgage Note Reports
Generational Battleground: Empty nesters own an outsized share of large homes compared to younger Americans with kids, a major turnaround in the last decade.
Investor Financing: Anchor Loans launched a new TPO Channel geared towards real estate investors.
In other mortgage and housing news…
Prices Cool: Home price growth decelerated from Q3 to Q4 2023, though prices were up 7.1% YOY, Fannie Mae reported.
Rate-Lock Easing: Zillow says 21% of homeowners it surveyed…
Good Morning! Today is Monday, January 15. Today we celebrate the life and legacy of Martin Luther King. Denmark has a new king, Frederik X. Much of the U.S. was plunged into a deep freeze this weekend, with severe low temperatures. Iowans are caucusing today in the first test for the 2024 presidential candidates.
The Mortgage Note Reports
Moving Forward: Wells Fargo released its fourth quarter 2023 financial results on Friday and leaders there say as they continue to streamline their home lending business profitability will improve.
Ally CEO: Doug Timmerman was named interim CEO of Ally Financial following the departure of Jeffrey J. Brown.
Best For First-Timers: These are the top cities for first-time buyers in 2024, ranked on…
Good Morning! Today is Friday, January 12. The U.S. and U.K. carried out strikes in Yemen, for which the Houthis promised to retaliate. Hunter Biden pleaded not guilty in federal court to charges of evading income tax. The FAA is increasing its oversight of Boeing’s production and manufacturing.
The Mortgage Note Reports
Rates Up, But Not Much: Mortgage rates increased slightly last week but remain in the mid-6s, encouraging some potential buyers to come off the sidelines.
The Case For HUD: HUD Secretary Marcia Fudge testified before the House Committee on Financial Services, emphasizing the department’s importance and impact.
In other mortgage and housing news…
UWM Rating: UWM was downgraded by research analysts at Keefe, Bruyette & Woods from…
Good Morning! Today is Thursday, January 11. Chris Christie suspended his presidential campaign. Google laid off hundreds of workers to cut costs. South Africa is arguing in front of the U.N.’s highest court that Israel is committing genocide in Gaza.
The Mortgage Note Reports
Managing Risk: TransUnion launched a new tool to calculate property value fluctuations as more homeowners tap into their accrued equity.
Christensen At CMBA: Arrive Home president Tai Christensen has been named Chair of the California MBA’s Diversity, Equity & Inclusion Committee.
AI Hotline: A hotline that will give brokers the ability to make changes to approval letters at any time was announced by leaders at Rocket Pro TPO this week, and it is powered by…
