Good Morning! Today is Wednesday, January 24. Donald Trump won New Hampshire with 55% of the vote, but with 43% Nikki Haley said the race is “far from over.” Biden won the Democratic primary despite not being on the ballot due to write-ins. Turkey’s Parliament approved Sweden’s bid to join NATO.
The Mortgage Note Reports
Commercial Properties: Some market experts are predicting a commercial real estate crash while others are saying there could be a revival in investment opportunities.
Applications Up: Mortgage applications rose 3.7%, the third week of increases, despite rates moving up slightly to 6.78%.
TD’s Promise: TD Bank will devote about $20 billion to philanthropy and serving diverse and minority communities, with a large chunk going to support residential lending.
In other mortgage and housing news…
ICE’s First Look: Delinquencies were up in December thanks to a trick of the calendar: the month ended on a Sunday, delaying the processing of last-day payments.
Forbearance Slip: The total number of loans now in forbearance decreased by 3 basis points to 0.23% of servicers’ portfolio volume in December.
GSE Update: Fannie Mae and Freddie Mac have updated their Single-Family Social Bond Framework, including new “mission-centered” MBS and retooled disclosures.
What LOs Want: A survey of 150 top LOs found that retaining good talent may come down to simple things like access to digital tools, sufficient training, and work-life balance.
Company News: Dark Matter and Informative Research teamed up to help lenders improve pull-through for borrowers who have a history of consecutive rent payments.