Good Morning! Today is Monday, October 17. Russia attacked Kyiv with Iranian “kamikaze” drones. Britain’s new top finance official said he would speed up a tax plan to calm financial markets. Kanye West is buying Parler, an American alt-tech microblogging and social networking service associated with Donald Trump supporters.
The Mortgage Note Reports
MBA Exec Promotions: MBA has promoted Joel Kan to Vice President, Deputy Chief Economist, and Heather Messam to Vice President and Controller.
Aging’s Housing Impact: Most adults want their parents to be able to age in their own homes, but aging in place impacts their finances as well as the housing market.
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…
Vesta/CoreLogic: SAAS and LOS company Vesta announced an integration with CoreLogic’s suite of property information and solutions products.
Earnings Time: Wells Fargo and JPMorgan Chase both took a net income hit in Q3, though the latter bested analyst expectations.
Appraisal Exempt: The 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgages will increase from $28,500 to $31,000.
Rent Algorithm Takes Heat: Critics are concerned that RealPage’s YieldStar software, which helps landlords set rent prices, is hurting competition.
Inflation Calc: Housing is one of the most weighted categories when tracking inflation, but it’s also one of the most complicated to measure. Here’s how it’s calculated.
“Anxiously” Watching Mortgages: Homebuyers are being steered to riskier types of mortgages associated with the 2008 housing crash, causing concern among analysts.
Virtual Housing Fix: Online role-playing games have been suffering the same housing shortage as the real world. Developers have used the same principle to fix it.