Morning Roundup (1/30/2023) —MMI, Cenlar Leadership Changes

Good Morning! Today is Monday, January 30. Ukraine is asking for fighter jets and for its allies to speed up weapons deliveries. Israel attacked an Iranian military facility in a city known for making missiles. A man in a ski mask threw a lit Molotov cocktail at a New Jersey synagogue.

The Mortgage Note Reports

MMI Hire: Top Of Mind’s Carol Burke has been appointed regional director of enterprise sales at Mobility Market Intelligence.

Daras Makes CEO: D. James “Jim” Daras has been named CEO and President of Cenlar FSB, the country’s second-largest mortgage servicer and largest subservicer.

Opinion: Scott Olson of Community Lenders of America says it is time to strengthen the Ginnie Mae PTAP Program.

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…

Phoenix Claps Back: After Goldman Sachs predicted a 2008-style crash in Phoenix, local experts called the report “hyperbolic,” “misleading” and “a disservice.”

Second Liens For HE?: Today’s high rates and borrowers’ accumulated equity present an ideal environment for a responsible expansion of second liens.

Tepid Ending To 2022: Commercial prices fell in December as investor interest waned amid a weakening economic environment.

Sunshine State: Florida metros make up six of the 10 most overvalued housing markets in the nation, an issue that will continue as prices soar above incomes.

“700K With A Backyard”:  Zillow has launched a new AI-powered feature that lets shoppers search for homes using more natural spoken language.

Assistance Up: A new report found an increase in homebuyer assistance programs as the housing industry rounded out a year of difficult homebuying conditions.

Mortgage Win: A NC school bus driver who won $150,000 on a scratch-off says she plans to use the money to pay off her mortgage.