Good Morning! Today is Tuesday, January 9. Donald Trump is in court today as his lawyers argue he is immune from prosecution. Investigators said bolts on the grounded Boeing 737’s fuselage may not have been attached. A lunar lander launched yesterday malfunctioned after leaving orbit and is unlikely to reach the moon’s surface.
The Mortgage Note Reports
Blackmail Threat: The president of the National Association of Realtors has stepped down after allegedly receiving a threat to disclose a past personal matter.
FICO 10 At CCM: CrossCountry Mortgage adopted FICO Score 10 T for non-QM loans and mortgage-backed securities.
Fonda At Nymbus: Jeff Fonda joined digital banking tech company Nymbus as its new Chief Financial Officer.
In other mortgage and housing news…
Protect Yourself: Mortgage servicers may need backup loss mitigation strategies amid the growing number of cyberattacks affecting the financial services industry.
Looking Back: The brutal 2023 housing market was just like the 1980s—except with a little bit of the Global Financial Crisis thrown in.
Signs Point To Improvement: Homes shoppers are finally seeing more inventory as the number of homes actively for sale rose 4.4% YOY in December.
Moving To Save: A Zillow analysis of United Van Lines data found that out-of-state movers are targeting less competitive, less expensive housing markets.
“Power Player”: Move over NIMBYs and YIMBYs: the big problem is DWIMBYs, “Depends What’s In My Backyard,” as illustrated in this Bay Area breakdown.