Good Morning! Today is Thursday, October 27. A second woman said that Herschel Walker, the Republican Senate nominee in Georgia, paid for her to have an abortion. Senator Bob Menendez, a New Jersey Democrat, is again under federal investigation five years after he stood trial on bribery charges. The White House says it sees no current prospects for negotiations to end the war in Ukraine.
The Mortgage Note Reports
Bad News For Buyers: Affordability plunged in September as the typical monthly payment rose $102 in just one month, breaking a four-month streak of improvement.
TMC Goes Non-QM: The Mortgage Calculator has entered the non-QM originations game and is now offering loans through a new entity, Mortgage Calculator Company LLC.
Have your political beliefs influenced where you have bought a home? We want to know. Share your stories by emailing us at [email protected].
In other mortgage and housing news…
GDP: The US economy grew by 2.6% last quarter, bouncing back after shrinking in the first half of the year.
Foreclosures Stay Low: August’s foreclosure rate held steady at a near-record low of 0.3% for the sixth consecutive month as serious delinquencies saw improvement.
Zombie Properties: The number of vacant homes in foreclosure increased for a third quarter, though the number remains historically low.
Mr. Cooper Earnings: Mr. Cooper’s mortgage originations profits fell 26% from Q2 but the company benefited from a “strong ramp” in mortgage servicing earnings.
WFH Demand: Work-from-home positions draw more than half of all applications as candidates emphasize work-life balance, but remote job listings are dwindling.
“Difficult But Necessary”: Zillow has laid off about 300 employees as it is shifting focus toward technology-related positions in the company.
AmeriSave HELOC: AmeriSave is now offering home equity lines of credit.