Morning Roundup (1/16/25) – Rates Impact Divorce

Good Morning! Today is Thursday, January 16. Scott Turner, nominee to become secretary of HUD, is facing a Senate confirmation hearing this morning. President Biden warned of a growing oligarchy in America during his farewell address to the nation. TikTok’s CEO plans to attend Donald Trump’s inauguration.

The Mortgage Note Reports

Rates Affect Divorce: With mortgage rates so high, married couples are rethinking the financial consequences of divorce.

RealPage Responds: Leaders at RealPage are speaking out after the DOJ expanded its antitrust lawsuit against the company to include six of the nation’s largest landlords.
Quote Of The Day

“And the question is why do it? To what end? The current housing finance system is working exceptionally well.”

Moody’s Analytics’ Chief Economist Mark Zandi on proposals to release Fannie Mae and Freddie Mac as private companies.

In other mortgage and housing news…

Year End Results: Bank of America announced a 2024 net income of $27.1 billion and PNC Financial Services Group showed net income of $6 billion in 2024.

MBA Education: The education division of MBA launched a new program at Cleveland State University. 

Realtors Anxious: Although homebuyers are cautiously optimistic about 2025, realtors fear a market slump.

More Money: Rising HOA fees are adding to affordability challenges for homebuyers and more homes on the market have them.

Home For Sale: Singer Jessica Simpson’s mansion in Hidden Hills, California, is for sale as she and retired NFL star Eric Johnson have separated after 10 years of marriage.