Morning Roundup (1/17/2024) — UWM Rebrand

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 awaits.

In other mortgage and housing news…

Another Breach: A data breach at Utah-based Academy Mortgage last March revealed the personal information of more than 284,000 people.

HomeStreet Sale: FirstSun Capital is buying HomeStreet for $286M after the company was impacted in 2023 by high rates and high levels of multifamily loans.

CRE Trouble: Ongoing challenges in commercial real estate markets pushed the delinquency rate on CRE-backed loans higher in Q4 2023…

“Reality Has To Come Due”: …and the market faces the prospect of a surge in defaults as a record number of loans mature before 2028.

GM Update: Ginnie Mae is considering a new reverse mortgage-backed securitization product for HECM loans with balances above 98% of FHA’s Maximum Claim Amount.

Credit Reporting: Zillow introduced a new feature that allows renters who pay their rent on their website to have their on-time payments reported to Experian.

Editor’s Note: TMN incorrectly stated yesterday that Fannie Mae’s Home Price Index showed home prices rising 2% YOY. That figure is actually 7.1%.