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 are considering selling, up from 15% one year ago, thanks to declining rates.
Basel Backlash: The National Bankers Association criticized proposed revisions to Basel III for their impact on Americans in underserved and minority communities.
“Little-Known Alternative”: Inside Fannie Mae’s plan to save homeowners hundreds of dollars closing their mortgages through attorney-opinion letters.
Company News: Summit Funding hired Trey Rigdon as VP of Marketing and Branding; Equifax’s The Work Number integrated Gateless’ Smart Underwrite program; Carrington Mortgage Services returned to ICE’s Encompass lending platform.