Morning Roundup (10/10/2022) – Loan Locks, CRA Note Exchange

Good Morning! Today is Monday, October 10. Explosions in Ukraine killed at least ten people this morning in the most sustained missile assault in months. A landslide in Venezuela killed 22 people. The Los Angeles City Council president is facing calls to resign after a leaked audio recording revealed she made racist remarks.

The Mortgage Note Reports

Loan Locks: September loan lock volumes dipped almost 10% from August, the third straight month of lock activity below pandemic norms.

O’Doherty At Mizuho: Joseph O’Doherty is joining Mizuho Americas as Managing Director, Head of Residential Mortgage Finance.

CRA Note ExchangeHabitat for Humanity Affiliates in Florida and South Carolina can now build more affordable homes after a recent sale of mortgage notes on their behalf.

What questions would you like us to ask the experts? Share your thoughts by emailing us at [email protected].

In other mortgage and housing news…

Stone Or Rock?: Asset manager BlackRock is facing backlash for a housing grab that’s allegedly worsening the affordability crisis– but “America’s Landlord” Blackstone Group is actually behind it.

BOA Pays Out: Bank of America will pay $1.84B to settle claims about residential mortgage-backed securities, its final lingering legal challenge stemming from the 2008 financial crisis.

Regions SVP: Sean Creedon has joined Region’s Affordable Housing Division as senior vice president and relationship manager for its Real Estate Banking group.

Starter Home Shortage: Why do perfectly fine small homes that offer an affordable option for many buyers become tear-downs, replaced with larger, more expensive ones?

Fall Market Outlook “Buyers and sellers will both endure a tough fall housing market,” according to’s CEO, with volatile prices all but ensuring a slowdown.

Scam Alert: Hackers are targeting hopeful homebuyers with a novel way to intercept wire transfers for down payments. The Secret Service is on the case.

Garg’s Confessions:’s infamous Vishal Garg remains CEO despite criticism. He sat down for an interview to explain why he’s still leading the company. 

FOA Loses Wholesale: Finance of America is ditching wholesale and correspondent lending, and is supposedly in negotiations to sell its retail mortgage division.