Morning Roundup (1/30/25) – Combatting Cybercrime

Good Morning! Today is Thursday, January 30. An American Airlines passenger jet collided with a military helicopter near Reagan National Airport. The 60 passengers and four crew members are presumed dead. The Trump administration has rescinded its federal funds freeze memo. The Mortgage Note Reports Combatting Cybercrime: There will be multiple challenges for the industry in 2025 from a cybersecurity perspective. Writer Erin Flynn Jay spoke with leaders who offered suggestions to make sure your organizations stays secure. Unchanged: The federal funds rate remains at 4.25% to 4.5% after this week’s FOMC meeting. Writer Patrick Lavery has the story. Sweeney In Spotlight: Former AIME CEO Katie Sweeney joined Rocket Pro as EVP of Strategy and Broker Advocacy. Pending Sales: Pending sales reversed a four-month upward swing in December, falling across the country as Americans headed towards 2025. |
Quote Of The Day “After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising. Economic data never moves in a straight line.” Lawrence Yun, NAR Chief Economist |
In other mortgage and housing news… The Numbers: The GDP grew at a 2.3% pace in the fourth quarter, less than expected. True Cost: Homeowners spend an average of 6.9 hours weekly on repairs and maintenance and rack up more than $24k annually in non-mortgage costs. Wait Times: There are more than five months of supply on the market, the most since early 2019, but the pace of home sales is still at a five-year low. Company News: PMSI is celebrating its 25th anniversary by updating its mortgage investing platform, Q; Orchard expanded into California and Washington. Equity Still Strong: The share of equity-rich properties in the U.S. dipped last quarter but remains just under 50% and is still up YOY. Worst In The World: Americans, take heart: Australians are the most dissatisfied with their housing market out of any country, citing a severe lack of affordability. |