Morning Roundup (1/25/2023) — Loan Apps Ride Higher

Good Morning! Today is Wednesday, January 25. The Justice Department sued Google, accusing it of abusing a monopoly in advertising tech. Walmart is raising its minimum pay for hourly workers to $14 an hour, from $12. Aides to former Vice President Mike Pence found classified documents at his Indiana home.

The Mortgage Note Reports

Loan Apps Ride Higher: Mortgage loan application volume rose again last week, with refis seeing an increase of 15% from the week prior.

Hepp At CoreLogic: Selma Hepp has been named Chief Economist at CoreLogic, cementing her title after becoming interim Chief in mid-2022.

Listen To Our Podcast: This podcast highlights the successes and innovations taking place in the mortgage industry.

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.


In other mortgage and housing news…

Buyers Off The Mark: The 11% of Americans who hope to buy a home in 2023 expect to spend $269,000– nearly $100,000 below the actual typical home price.

Chatbot Like A Pro: Real estate brokers are turning to an AI chatbot to assist with everyday tasks, like filling in knowledge gaps that would otherwise take hours of research.

BK’s First Look: Delinquencies nationwide inched up seven basis points in December to 3.08%, but finished the year down 9% from December 2021.

More Layoffs Coming: More businesses anticipate shrinking, rather than growing, employment for the first time since 2020, according to surveyed economists.

New SPCP: Guaranteed Rate introduced a new SPCP providing up to $8,000 in assistance to underserved homebuyers.

Crispy Deal: A mansion in Tennessee that was badly charred in a fire has been purchased by entrepreneur Mike Thakur for a new YouTube series.