Good Morning! Today is Monday, January 23. A gunman killed ten people and injured at least ten others in California following a Lunar New Year party on Saturday. Canada agreed to pay about $2 billion to settle a lawsuit over the harm done to Indigenous people through residential schools. Biden is planning to name his former coronavirus response coordinator, Jeffrey Zients, as the White House chief of staff.
The Mortgage Note Reports
Women In The Lead: Single women who live by themselves own more homes than single men in 48 of the 50 states.
Sawyer At AAMC: Danya Sawyer is joining Altisource Asset Management Corporation as Chief Operating Officer of its Alternative Lending Group.
TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.
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In other mortgage and housing news…
High And Low: The luxury market is feeling the home price correction the most of all niches, while starter homes seem completely immune.
AIME Sponsors: AIME announced its 2023 sponsors, sixteen wholesale industry partners “committed to the growth of the broker channel and local mortgage originators.”
“How Much Worse Can It Get”: J.P. Morgan analysts suggested that a housing market crash could lower inflation.
Bank Rush: Two of the biggest banks to cryptocurrency companies are rushing to stem a flood of customer withdrawals by borrowing billions from Federal Home Loan Banks.
Affordable Renting: New data from ATTOM found that the most affordable counties for renting a home are in Ohio, Alabama, Tennessee, and Missouri.
It’s Never Too Early: Another housing crisis is inevitable, so policymakers should start looking to past recessions for solutions and preparing for the worst now.
Hype House: The famous Hollywood “Hype House,” formerly home to TikTok stars, is up for rent after its famous residents broke a one-year lease.