Morning Roundup (1/6/2025) – Gearing Up

Good Morning! Today is Monday, January 6. Canadian PM Justin Trudeau is likely to announce his resignation. Congress will certify Donald Trump’s election results today. President Biden announced a ban on new oil and gas drilling along many U.S. coasts.

The Mortgage Note Reports

Guerra Gearing Up: The new SVP of community lending solutions at Guild Mortgage spoke with editor Kimberley Haas about their plans for guiding people home in 2025.

CFPB Lawsuit: The Consumer Financial Protection Bureau accused Vanderbilt Mortgage of misleading borrowers looking to finance manufactured homes.

Arc Leadership: Non-QM and non-agency lender Arc Home named John Gibson its Chief Production Officer and Eamon Cantwell its Chief Operations Officer.

In other mortgage and housing news…

GSE’s Future?: The Treasury Department and FHFA restored the Treasury’s ability to consent to a release of the GSEs from conservatorship.

Slow Changes: More than 73% of mortgage borrowers had an interest rate below 5% in Q3 2024, down 12.2% since Q1 2022 as homeowners take on bigger rates.

Insurance Crisis Update: Insurance companies in California will be required to offer coverage to homeowners in wildfire-prone areas under a new state regulation.

“Strong Spring Market”: Builders have the most unsold inventory since 2009. Here’s what it means for the housing market.

Company News: First Community named Sarah Donley EVP and Chief Operations & Risk Officer; Dark Matter Technologies appointed Brad Vasto as Chief Revenue Officer.

Arrested Development: As 30-somethings push back the traditional milestones of adulthood, economists are warning they may never be able to reach them.