Morning Roundup (10/29/2024) – GSE Updates

Good Morning! Today is Tuesday, October 29. The Trump campaign denounced a comedian’s offensive jokes about Puerto Rico at his rally in Madison Square Garden. Hezbollah named a new leader, Naim Qassem. Israel voted to ban the UN agency that provides aid to Palestinians.

The Mortgage Note Reports

Making Homes Pretty: With over 40 locations in 70 markets across the United States, the CEO of Renovation Sells has found success in franchising his business model. Editor Kimberley Haas has the story.

GSE Changes: Fannie Mae changed its requirements for appraisal alternatives, while Freddie Mac expanded access to repurchase loans.

Prices Buckle: Home price gains were down to 4.2% YOY in August, falling from a 4.8% annual rate the month prior and showing “signs of strain.”

In other mortgage and housing news…

Emerson Awarded: The MBA honored Bill Emerson, President of Rocket Companies, with its Lowrie-Woodward Distinguished Service Award.

What’s To Come: MBA CEO Bob Broeksmit says he expects a divided government after the election, making regulations through the FHFA and CFPB even more of a priority.

New Data: The Federal Housing Finance Agency released its latest update of the Uniform Appraisal Dataset, which includes data on loan applications submitted to the FHA.

Tech Updates: FormFree announced enhancements to its customer acquisition marketplace, FormFree Exchange.

“Not Good For America”: Lennar Mortgage president Laura Escobar warned that housing is on the verge of a “vicious cycle” of unaffordability due to over-regulation.

Flickering Lights, Cold Spots?: Here are eight common occurrences that make your home seem haunted, and what’s really going on.