Morning Roundup (1/21/25) – Executive Orders, House Price Increases
| Good Morning! Today is Tuesday, January 21. President Trump pardoned the January 6 rioters. Joe Biden issued protective pardons for several people the Trump administration might prosecute. Vivek Ramaswamy quit as co-leader of the Department of Government Efficiency. The Mortgage Note Reports First Day: A freshly inaugurated Trump signed a slew of executive orders on his first day, including a memorandum calling for “emergency price relief” for homeownership. Price Boost: For the first time since 2022, home prices are spiking in every one of the 50 largest U.S. metros, with Cleveland leading increases. Offering More: At Equifax Workforce Solutions, they are positioning themselves to be a trusted advisor for lenders as they navigate modern challenges. Editor Kimberley Haas has the story. |
| Quote Of The Day “[M]any Americans are unable to purchase homes due to historically high prices, in part due to regulatory requirements that alone account for 25 percent of the cost of constructing a new home…”Excerpt from Trump’s Day One “Price Relief” Memo |
In other mortgage and housing news… Tough Q4: Pre-approvals dropped in the fourth quarter of 2024, an expected result of a historically slow period, LenderLogix says. Real Life: The DOJ released stories of the real impact of its anti-redlining initiatives. Watch Out: The CFPB put “zombie second mortgages” on blast, saying it continues to monitor lenders that don’t send notice of accumulating fees to borrowers. Rents Keep Slipping: For the 17th consecutive month, rents declined in December, falling by 1.1% YOY to a median of $1,695. Winter Wonderland: Where can snow pile up the most during the winter months? Here are the snowiest counties in the U.S. |