Morning Roundup (1/9/2023) – Zitlow At CHL, Housing Sentiment

Good Morning! Today is Monday, January 9. Supporters of Brazil’s former president stormed the country’s Congress and presidential offices over false claims of a rigged election. President Biden made his first visit to the southern border since taking office. Winds knocked out power for hundreds of thousands of people in Sacramento.

The Mortgage Note Reports

Zitlow At CHL: Kelly Zitlow is rejoining Cornerstone Home Lending as its EVP of Sales and Engagement.

Housing Sentiment: Consumers are feeling slightly more optimistic as mortgage rates ease, but housing market sentiment remains near an all-time low.

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…

Relief For Renters: The rental market has hit an inflection point and prices are finally dropping– here’s where they’re falling the most.

AmeriFirst Falls: AmeriFirst Financial is closing after 35 years in business, confirming that it stopped funding loans in December.

Fairest Of Them All: For a second year, FairPlay released research evaluating publicly available data to identify the fairest cities and fairest lenders in the US.

“Protect The Margins”: Rates may rise higher than official increases this year, as funding costs soar and banks repay $188 billion in pandemic loans to the Fed.

Still No Recession: Researchers at the Fed Reserve Bank of St. Louis found a new potential recession indicator that shows the US is still above water.

“Do I Get Out?”: Austin-based broker Aaron Kovac told MarketWatch how the housing slowdown upended his financial security and made 2022 the “scariest year” of his life.